Amazon
Amazon (AMZN) - longCompany Profile
Amazon is is one of the Big Five companies in the U.S. information technology industry. The multinational focuses on e-commerce, artificial intelligence and cloud computing and is a leader in these sectors as measured by revenue and market capitalization.
Signals
Position: Long
Entry Price: $ 3166.27
Target Price: $3554.13
Stop loss: $3070.35
Indicators
STOCH is around 20, threshold of oversold stocks
MACD is crossing below the signal line
RSI is around 45
Analysis
The stock has been moving between the same levels of support and resistance for one year now and is now retracing to an intermediate support level. RSI and Stochastic indicators do not signal that the stock is oversold yet, and also the MACD indicator suggests a bearish momentum, so we’d better wait until it is over and the bullish momentum will begin. This is why we choose to set a buy limit order at a support level already reached four times and the profit target at the resistance level, which is slightly below the historic high.
No financial advice
AMZN - Will the H&S or Double top play out?TOP end view:
broke medium-term downtrend resistance (trendline Yellow) but did not make a new high yet.
Testing confluence support (trendline and horizontal support)
Closer view:
Potential double top in play
FOMC and JOBs report are on tap this week. If FED rhetoric confirms tightening and less QE (Quantitative easing), we could see equities lower.
Bais will turn bullish if the price closes above the double top, will look for buy opportunities on a retrace.
If you like/dislike, agree/disagree with this analysis, let me know, love to get feedback.
This will be a monster breakoutOSTK beats EPS estimates (again) and this one is eyeing for breakout mankind hasn't seen before!!!
Get long or gtfo!
S&P 500 index Rising wedgeS&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).
This may also affect the crypto market
SHIBA: $.000020 ----> 🦊bitcoin has litecoin
doge has shiba
NFT and growing community should reward strong hands with volume
WISH upside potentialWISH is now a shadow of the company that was rumored that Amazon offered $10 billion all-cash to buy it and Wish's CEO didn`t agree!
Now its value is 3.454Bil and two weeks ago it was even lower.
But the holidays are coming and all ecommerce platforms will benefit from that.
Except for Oppenheimer, who downgraded WISH to Underperform setting a price target of $4.00, the others are more optimistic: Citigroup gives a neutral rating with a price target of 7.5usd, while Credit Suisse Group targets 19usd per share.
My target is the 9.4 resistance by the end of the year.
i`m looking forward to read your opinion about it.
Amazon | Fundamental Analysis | Must Read...Earlier this year, Amazon made the shocking statement that founder Jeff Bezos would step down as CEO starting in Q3 2021. According to Amazon's announcement, the post will be filled by Andy Jassy, who earlier managed the company's fast-growing cloud computing business.
Given that Bezos will have to live up to his class, the pressure is on. Next week, when the e-commerce giant reports its third-quarter results, investors will be able to see how well the company operated under Jassy's leadership during his debut quarter as CEO.
Ahead of Amazon's critical Q3 earnings update, here's a preview of the earnings report and a look at how attractive growth stocks could be in the run-up to that update.
When the e-commerce and cloud computing heavyweight presents its earnings report this Thursday, investors will be watching closely to see how well Amazon can match the performance of a year ago, when revenues rose sharply as many consumers around the world were forced to stay home.
In its second-quarter earnings statement, Amazon executives projected third-quarter revenues of $106 billion to $112 billion. That explicates to revenue increase of 10 percent to 16 percent, a significant slowdown from 27 percent growth in the previous quarter and 37 percent growth in the year-ago quarter.
Analysts seem mostly convinced that the midpoint of Amazon's forecast range was too conservative. On average, analysts are predicting that third-quarter revenues will be at the high end of the company's forecast range.
While the company's reported earnings growth rate is certainly worth checking out, the bigger question that probably worries many investors is whether the stock is a good buy today.
While it's difficult to say where the e-commerce giant's stock will move anytime soon or even after its third-quarter earnings report is released, investors can take a look at Amazon's stock valuation to see if it seems attractive relative to the e-commerce giant's long-term potential.
Despite the company's tremendous market cap of more than $1.7 trillion, a case can be made that the stock looks like a good buy at this level. Consider that Amazon's price-to-earnings ratio of about 60 is actually quite cheap, given the company's top-line performance and its firmly growing operating margins.
Thanks to strong revenue growth and rising operating margins, Amazon's business model exhibits significant operating leverage. This means that over the long term, earnings per share could grow faster than revenues. In fact, that's exactly what analysts expect. According to the analysts' consensus forecast, Amazon's earnings per share will grow at an average annualized rate of 37% over the next five years.
Given management's outlook for strong double-digit revenue growth in the third quarter - even if Amazon faces tough comparisons to last year - and the company's clear operating leverage, Amazon stock looks like a good long-term buy today.
No doubt, investors should keep a close eye on Amazon's revenue growth rate. If it slows faster than projected, it could mean that analysts (and investors) are overestimating the company's long-term potential.
Waiting ATHThe paper looks very good technically. Last time such patterns worked well. The level of 3560 can be considered as the start of the longing scenario. It bounces well from the support zone without tending to go down.
However, the position set by some players is already starting. But I don't recommend doing it in the middle of the channel unless you are a long-term investor. Target - 4000 ( 15% upside)
Analysts of the big banks even count on 4150 -4300 per share.
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We still waiting for a new bullish impulse on AMZNWe still waiting for a new bullish impulse on AMZN.
Today we will take a look at the AMZN chart and a pending setup we have.
The key concepts of this chart are:
- The price has been moving in a range for 300 days until we saw the new ATH
- Our main concept was: How many times can we look at situations in the past that the price stayed more than 300 days moving on a range and the resolution after that
- Based on that, we have defined the setup you can see right now as the best option to develop positions in the current situation. It's important to say that we have found moments where the setup was executed, we have a stop loss, and then the price continues in the direction. That's why we are ready to develop 2 setups if necessary.
- Now, we have a flag pattern on the edge of the range, and we are using Fibo extensions to define the targets of this movement. The fibo extensions are drawn based on the previous impulse (March 2020 - August 2020)
- On a setup like this, we will be risking 2% of the capital, looking to make 4.5%+ as a return.
- The expected time for a resolution like this is between 2 to 5 months.
Thanks for reading!
AMAZON Resistance Ahead! Sell!
Hello,Traders!
AMAZON is going up from the local support below
Following the rebound of the S&P500 Index
However, the stock is trading below a horizontal level
And I think there is a good chance for a pullback
Once the price retests the level properly
Sell!
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See other ideas below too!
SPX 500 analysisI posted a graph on a higher timeframe before we had a decent drop in all markets:
And I still stand by that, but on the lower timeframe, I see a falling wedge forming. The price action indicates to me that we are going to break up sooner rather than later, so this yellow arrow I have on my chart is somewhat what I expect :)