Weekly Volatility Forecast 23-29 May 2022 APPL, AMAZ, MSFTAPPLE 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 8%
This is translated into 11$ from the current point.
So lets imagine that APPLE is going open Monday candle around 138
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 138 + 11 -> aprox 149
BOT 138 - 11 -> aprox 127
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 6% => 8$
TOP 138 + 8 -> aprox 146
BOT 138 - 8 -> aprox 130
--------------------------------------------------------------------------------------------------------------------
MICROSOFT 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 7.4%
This is translated into 18$ from the current point.
So lets imagine that MICROSOFT is going open Monday candle around 250
With that in mind, with close to 87% probability of pointing correctly the top and bottom places we are going to have:
TOP 250 + 19 -> aprox 269
BOT 250 - 19 -> aprox 231
If we want at the same time to narrow a bit this channel, we can go for close to 78% probability.
In this case the volatility would be around 5.57% => 14$
TOP 250 + 14 -> aprox 264
BOT 250 - 14 -> aprox 236
--------------------------------------------------------------------------------------------------------------------
AMAZON 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 12.25%
This is translated into 260$ from the current point.
So lets imagine that AMAZON is going open Monday candle around 2150
With that in mind, with close to 87% probability of pointing correctly the top and bottom places we are going to have:
TOP 2150 + 260 -> aprox 2410
BOT 2150 - 260 -> aprox 1890
If we want at the same time to narrow a bit this channel, we can go for close to 77% probability.
In this case the volatility would be around 9.2% => 200$
TOP 2150 + 200-> aprox 2350
BOT 2150 - 200 -> aprox 1950
--------------------------------------------------------------------------------------------------------------------
Amazon
ONLN Price Target $39 by Jan 2023This is purely an Amazon play, but ONLN is now trading below Pre-IPO levels. I believe that its exposure to Amazon, alongside other names that have seen a brutal sell-off (MELI, BABA, EBAY), makes it an excellent long-term buy for traders looking to find a great cost average entry point for the long term. We have to remember that Amazon is a great business still experiencing 20%+ YoY EBITDA growth and is sitting on 96bn dollars of cash. I also expect Amazon to see further price appreciation with its upcoming 20-1 split.
Amazon 75 Day Target - $2380Amazon is looking poised to trend towards the $2380 level. We could see a jump back to the ceiling of this down-channel, implying around an 8% rise over 75 days. Amazon's ATR has been at an all-time high since 2020, and the stock needs some time to consolidate; however, an 8% move from pre-COVID support levels over 50 days is not entirely unrealistic. Expecting a slow climb to this level and then to test from there. Following upside, levels seem to be $2700 based on volume profile.
Amazon stock is good to start buying The price of Amazon stock is around 2200$ after dropping 45% from 3770$ .
i believe it is good area to start first buying and if drop more and more, second buying will be around 1700$ .
first target is around 2875$, and second target 3355$ , and third target i dont know where if you want to hold it for years and years.
this one without stop loss and without leverage.
Risk management is your work .
Good luck
Thank you.
one.exness.link
Volatility Weekly Movements Stock, Crypto & Others16-20 MayExpected movements for 16-20 May 2022
SPY/SPX
Current volatility expected for the next week is going to be around 4.52%
So in this case for SPY with almost 90% accuracy the next top and bottom are going to be:
TOP 420
BOT 383
At the same time for SPX/ES with almost 90% accuracy as well, we have the next top and bottom
TOP 4200
BOT 3840
----------------------------------------------------------------------------------------------
QQQ/NDX
Current volatility expected for the next week is going to be around 5.57%
So in this case for QQQ with almost 85% accuracy the next top and bottom are going to be:
TOP 318.75
BOT 285
At the same time for NDX/NQ with almost 85% accuracy as well, we have the next top and bottom
TOP 13100
BOT 11700
----------------------------------------------------------------------------------------------
DIA/ Dow Jones
Current volatility expected for the next week is going to be around 3.36%
So in this case for DIA with almost 90% accuracy the next top and bottom are going to be:
TOP 330
BOT 311
At the same time for MYM/YM with almost 90% accuracy as well, we have the next top and bottom
TOP 33200
BOT 31000
----------------------------------------------------------------------------------------------
Apple
Current volatility expected for the next week is going to be around 5.76%, however we are going to imply 7.2%
So in this case for Apple with almost 90% accuracy the next top and bottom are going to be:
TOP 157.7
BOT 136.5
----------------------------------------------------------------------------------------------
Amazon
Current volatility expected for the next week is going to be around 7.46%, however we are going to imply 9.3%
So in this case for Amazon with almost 80% accuracy the next top and bottom are going to be:
TOP 2471
BOT 2050
----------------------------------------------------------------------------------------------
Google
Current volatility expected for the next week is going to be around 6.01%, however we are going to imply 7.51%
So in this case for Google with almost 90% accuracy the next top and bottom are going to be:
TOP 2495
BOT 2145
----------------------------------------------------------------------------------------------
Russel 2000/ IWM
Current volatility expected for the next week is going to be around 5.22%, however we are going to imply 6.51%
So in this case for Google with almost 95% accuracy the next top and bottom are going to be:
TOP 189.6
BOT 166.44
----------------------------------------------------------------------------------------------
IBM
Current volatility expected for the next week is going to be around 4.29%, however we are going to imply 4.29%
So in this case for IBM with almost 85% accuracy the next top and bottom are going to be:
TOP 139.3
BOT 127.87
----------------------------------------------------------------------------------------------
BITCOIN
Current volatility expected for the next week is going to be around 13.82%, however we are going to imply 15%
So in this case for BITCOIN with almost 95% accuracy the next top and bottom are going to be:
TOP 34450
BOT 25500
----------------------------------------------------------------------------------------------
GOLD
Current volatility expected for the next week is going to be around 2.17%, however we are going to imply 3.25%
So in this case for GOLD with almost 80% accuracy the next top and bottom are going to be:
TOP 1870
BOT 1750
----------------------------------------------------------------------------------------------
EURUSD
Current volatility expected for the next week is going to be around 1.6%, however we are going to imply 1.89%
So in this case for EURUSD with almost 80% accuracy the next top and bottom are going to be:
TOP 1.061
BOT 1.021
$AMZN might have stroke Gold!NASDAQ:AMZN
$AMZN has been in the news a lot this days. Bezo's going at it with President Biden... First Union and court case awarded to ex-employee. Misuse of customer data... the list goes on.
Are you considering buying into the $AMZN stock split?
Are you concerned about the impact of all these news on the stock?
I'll say one thing and one thing only; Technology.
Technology; bots, AI, robots, and many more are all the things Amazon going for it. It has been able to reduce the cost of its workforce dramatically while growing into other industries. Yes, Inflation will cost a temporarily reduction in customer purchases as seen in the recent earnings; this will be a temporary impact. The supply chain issues, although ongoing, will be resolved as manufacturers realign their suppliers.
Technical analysis:
Daily Chart
EMA (Exponential Moving Average): The EMAs are inverterd 200/100/50/20 EMA which usually means bad news but wait a minute! What happened on Friday? May 13th? Price action is finally above the 200EMA. Is this a dead cat bounce? Are we seeing a reversal of trends?
TTM Squeeze: Squeezing upwards. Momentum to the upside!
Fib Levels: Parabolic movement to the downside; Wish I shorted the position April 20th during the "Death Cross". Given the very volatile markets, leverage trading is not advised but the current position is too tempting not to go long. More importantly; the price action aimed at the blue all hell goes down support line and crossing back up. Have we seen the bottom and stroke gold?
RSI: Went as low as 18.54 on May 12th (Thursday) and popping back up aggressively. Looks like we are oversold and it's time to make some short-term recovery.
Candle Stick: Summary of last 5 candles equate to a bullish pattern. Dragonfly Doji right above the 200 EMA...
Pattern: Rising wedge pattern (This is a reversal trend pattern)
News: With the upcoming split, this might just be a good time to own $AMZN if you don't already have one. (Not financial advice).
Amazon - Time to Buy or to Expect Deeper Correction? A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators:
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $37773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $2240, representing 0.786 and 0.618 levels respectively
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction will be in the shape of triangle, of course other corrective wave patterns are also possible
Given all the above points the price range $1880-$2240 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon ?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Amazon - Time to Buy or to Expect Deeper Correction (Update)?A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators: :
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $3773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $1660, representing 0.786x of Wave 3 and 1.618x of wave A
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction may take shape of Triple Three pattern
Given all the above points the price range $1880-$1660 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon now?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you agree wit it.
Also let me know if you would like to see other stocks, indices or Forex pairs analysed using Elliott Waves.
Thanks
This is an update to the previous idea following the latest development in Amazon
AMZN: A Plan for Next Swing Sell EntryAmazon has reached a new low at the $2050 level. The price is currently going through a strong bearish impulsive structure, which indicates that the bearish trend is still very valid. Therefore, we are only looking for sell opportunities after a retracement.
Our first area of interest is the previous support level of $2700. We can see that there’s also an unfilled gap there. Therefore, the price could retrace and retest the previous support level before dropping back to the new yearly low.
With that being said, we don’t trade to capture the retracement, meaning not trying to predict the bottoms from where the retracement might occur. We only trade after a retracement has actually occurred. All the stock indices are crashing so therefore, it is strongly advised to not predict the bottom and trade against the trend.
We have set the price alarm at $2670 level. If price gets there, we will then prepare our sell entries.
This is just a brainstorming idea post. Early preparation beats everything. Check out our other recent trend following stock ideas below :)
Expected Key Points Amazon 12 May 2022Amazon 12 May 2022
The current implied volatility is at 56.8%/year
So that converted into daily is 3.58%
The close of yesterday was 2107
So based on that our channel for today is going to be compressed within
TOP 2182
BOT 2032
with a probability chance of 80.5% based on the last 3007 candles
From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish.
Expected Key Points Amazon 11 May 2022Amazon 11 May 2022
The current implied volatility is at 54.27%/year
So that converted into daily is 3.42%
The yesterday close price was on 2177
So based on that our
TOP 2250
BOT 2100
This channel has a 80.5% change to sustain based on the last 3006 candles
At the same time with 89% we can affirm that the price is going to be above
TOP 2185
BOT 2170
From fundamental point, today we have CPI release and this marks a huge volatility moment
From volume point, current POC is around 2170
We can expect now with close to 70% that the market is going to end up between
TOP 2185 - 2250
BOT 2100 - 2170
Weekly Prediction 9-13 May Amazon AMAZON
9 - 13 May
The weekly VXAZN-> Volatility Index for AMAZON
Implied = 50.24
In this we have to standard it for weekly session
39.02 / sqrt(52-> 52 weeks in a year) = 6.97%
My historical product is telling me with 1x coficient that the expected movement for this week
E Volatility = 51.59 / sqrt(52) = 7.15%
With this data, from my calculations, when EV > VIX, there were a 83% chance that the market
stay within the bottom and top created with the ranged from the E Vol
So for next week this range for us is going to be
TOP - 2460
BOT - 2131
AMAZON NEEDS AROUND +40% FOR RECOVER ATH !!$AMZN what's going on? Jeff Bezos where are you?
I don't think we'll see Amazon stocks under $2k, there is an important support and I think that around 2100 level is a very nice price for buy AMZN for long term.
I like #Amazon and I didn't buy stocks, but I'll buy and accumulate $AMZN if it drops hard around/under 2k, its not probable in my opinion but let's see :)
M2 Adjusted FAAMNG Tutorial/AnalysisThe current FAANG symbol does not have a very long history. Depending on the symbol, you get a chart that either starts from mid-2019 or 2016. We get couple more years of data in this chart, back to early 2014. I weighted each stock equally according to its 60 month average, and adjusted for M2 expansion, which gives us a very consistent support line. There's also a horizontal resistance line that extends from 2018 onward that is currently being tested as support, which raises the questions:
Is historical support now resistance? Is the resistance line now support? Or will we drop below the resistance line once again?
It wouldn't surprise me if we got a bounce here to once again test that the Support line is *actually* now resistance and the drop in price wasn't a fluke. Which, maybe it was. But on the other hand, smaller caps have gotten completely crushed, look at the M2 Adjusted Russell 2000 for example:
We're getting close to the "value" zone, but we're still at the bottom range of wholesale prices. I wouldn't be surprised if there's even more stop-loss style liquidations at these prices.
There are many many unprofitable companies, roughly 50%?!, that are feeling the pain in the Russell. It's not crazy to think that once the smaller caps fall, the rest of the larger dominoes fall. First, there were drops in sort of intangibly valued companies like Netflix/Peloton. Market shrugged it off. Then we saw a single day -0.25 trillion$ valuation drop in Facebook. Market shrugged it off. Now in the past few weeks, Amazon is finally looking terrible, and this is the first time in YEARS that the market seems to be taking it seriously. How long until Apple/Tesla bite the bullet? The market can only shrug off so much localized losses before it becomes systemic. It's only a matter of weeks or months, in my opinion, until we see the remaining FAANMG and others reflect the state of rest of the market.
So how did i manage to get the symbol on the chart?
This method is not perfect. There's lots of ways to do this. I decided to equally weight each stock by their 60 month SMA, given that mean reversion is a well known phenomenon. But you can use any anything you wish, as long as it normalizes the price in a way that you like. Literally anything.
First, I wrote down the SMAs like this:
60 month SMA:
FB = 221.34
AMZN = 2250.99
AAPL = 85.60
MSFT = 173.64
NFLX = 380.58
GOOG = 1585.70
Notice that AAPL has the lowest average, 85.6.
We can use AAPL as our "benchmark".
Divide every SMA by 85.6:
FB = 2.5857
AMZN = 26.296
AAPL = 1
MSFT = 2.0285
NFLX = 4.4460
GOOG = 18.524
Now we can add each price together, and divide by our adjuster that we just calculated, to get a fairly crude, but accurate enough, equally average-weighted basket:
AAPL+
FB/2.5857+
AMZN/26.296+
MSFT/2.0285+
NFLX/4.4460+
GOOG/18.524
Mash it all together, you get:
NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524
And adjust for M2 if you want:
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS
This looks ugly though. The value is so small, there's no horizontal bars on the chart because of a display bug in TV or some other problem. So we can simply multiply the entire series by a value. in this case 15, until we get something that looks good.
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS*15
There's a lot of ideas fairly similar to this out there, but I hope this helps someone who might be curious how people came up with these crazy long symbols. Try it with your favorite sectors! Make your own sector benchmarks. You can combine up to 10 symbols at once! Here we only used 6 symbols (7 if you include WM2NS).
Good luck and don't forget to hedge your bets :)
Amazon a good buy at $2000I feel there are some good setups coming in this bearish market. Amazon being one of them for you large cap players. I have a zone between $2150-$2000 which is a monthly fib level. 90% back to the highs from $2000. Even if it dips lower, you know Amazon will perform come a bull market again and go make new highs eventually. Set aside cash to average down if it drops below $2000. The next level down would be the monthly 500ema at $1700. Unsure we will get that far though.
Let me know your thoughts.
AMZN uptrend lineAMZN could start to build a triangle with the downtrend line from nov 2021 and the long term trending line. If finally it breaks the uptrend line, it could search the support around 2050$. If it respect the trending line, it could go again to the 3000~3800 range. It is soon to say and it is only speculation but despite of the bad last earnings and the bad macro environment, AMZN fundamentals are enough good to keep the uptrend.