AMZN slowest growth since 2001 EPS far below analyst predictionsIf you haven`t bought this bounce:
then you should know that AMZN revenues rose 7% in the first Q of the year to $116.4bn, slowest growth in two decades!
Earnings per share (EPS) were -$7.56 vs $8.55 analyst predictions, first quarter it has posted a net loss in at least four years.
My price target is now the $2400 support, with a possible bounce by the end of the year due to the stock split enthusiasm.
Looking forward to read your opinion about it.
AMZN
Amazon (NASDAQ: $AMZN) Touches 0.5 Fib Region For 3rd Time! 3️⃣Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.
Bigger view, will take market with I thought I wrote the filler text and was like wow. I’m good. Anyway, bullish setup unless it breaches 2551ish (wherever wave 1 high was, can’t go below that or EW invalidated. Most likely it begins move up to 4200-4500 to complete wave V. SPY also trying to complete wave IV/start wave V.
I posted a more near term scenario on post earnings move statistically pointing to bigger move than options are priced for. This bigger picture makes me lean to bullish initial target around 3500. Would not be an anomaly if it dropped to 2450 region which would invalidate wave IV and thus the bullish structure which it has been building since 2017.
If you want to know how market will get out of this downward trend and momentum... pay attention to AMZN Tomo
Amazon (NASDAQ: $AMZN): Best Company In The S&P 500?! 🏆Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.
More than %50 in one month!A dramatic sharp increase is expected, recommended for mid-term, growing up to around 30-35.
$AMZN Key Levels, Analysis, & Targets $AMZN Key Levels, Analysis, & Targets
Not much has changed since the last time I published AMZN… I’m just reposting because we're close to earnings… I tightened up the trend-lines, and looked to make sure I wasn’t missing anything… but that’s about it… I know my buy orders are in...
GL, y’all…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
What Next?They say it's gonna be a private company BUT here is how I foresee its future:
Twitter has a landmark position between $55 - $58. I don't think it can cross $58. It probably return downward at after $56, if it happens then it will be another "Beginning of an End"; But if it crosses $58 then congrats to whoever bought it!
#pessimistic .
AMZN has same problems as all companies= a weak consumer!Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation. Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Same as GAP and NFLX evidenced the consumer is cutting back. AMZN is not impervious to the headwinds of the entire economy, they are in the eye of the storm. I say they cannot guide higher. Last quarters AMZN's numbers were fluffed up with BS due to the RIVN stake. Prior to the Russian invasion of Ukraine, prior to $6 a gallon gasoline, higher mortgage rates, higher credit card rates. I don't believe this will crater like NFLX however it should see a 10-15% haircut in the days following ER and lowered guidance.
Amazon and on?Amazon - Short Term - We look to Buy at 3080 (stop at 2962)
A bullish reverse Head and Shoulders is forming. A break of 3416 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain mixed and volatile.
Our profit targets will be 4162 and 4622
Resistance: 3172 / 3416 / 3762
Support: 2992 / 2805 / 2671
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Netflix post pandemic risk materialized in Amazon and DisneyThe news from Netflix this morning should not be a surprise to anyone, the company's executives had expressed two years ago during the peak of the pandemic that conditions were as good as they would get. With an increasing number of competitors coming under their skirt, Netflix is now reverting to the mean.
It would appear the third generation rule might be validating itself, as Netflix was the innovator and paved the way for other well-capitalized and more diversified competitors such as #AmazonPrime and #DisneyPlus the latter which has been punished for pushing radical progressive policies.
The key difference between Netflix and Disney is a multi-generational all-American brand, it is well entrenched in the global culture and has a massive war chest from diversified physical operations, cruise ships, music parks, and royalties across other entertainment segments.
Amazon has clearly a massive advantage being the owner of the largest cloud service AWS which in fact is used by Netflix for their operations. In essence, you can argue that Netflix is subsidizing Amazon Prime via operating expenses at USD$6B. Amazon Prime asymmetric advantages combined with the largest capital reserves from the largest online store, placing Netflix at the mercy of AWS.
In fact, we forecast that Netflix revenues and cash flows will continue to deteriorate to the point of no return within the next 24 months, placing itself as a target for Amazon.
$BABA, $AMZN 's dirty little secret.NYSE:BABA
Anyone paying attention to $BABA?
Are you considering buying into the $AMZN stock split?
Are you concerned about chinese stock delisting?
Geopolitics, Index fund Managers, lobbying, market reset by the FED's and technical analysis (the psychology of the investor) have a lot to do with what happens in the future.
Did you know that as of 2021, China-based sellers represented 75 percent of new sellers on Amazon, according to a report by Marketplace Pulse. This marks a significant increase from 47 percent in the previous year.
This large segment of China-based sellers on Amazon has not yet impacted the gross merchandise volume (GMV) market share. Domestic sellers are responsible for most of the total sales.
Three-quarters of new sellers in the top four core Amazon markets — U.S., UK, Germany, and Japan — are based in China. That percentage is the calculated average of the four marketplaces, according to Marketplace Pulse analysis of more than 40,000 sellers that joined those Amazon marketplaces so far in 2021.
So what does this mean for the future of $AMZN prices?
Simply, if BABA gets delisted; the revenge from the Chinese government will be major; you think logistical issues, trucker shortages, and inflation is affecting prices? You've not seen nothing yet!
My assumption is that the market reset is going as planned with major impact on Chinese stocks to limit the momentum of Chinese GDP (#2) against the U.S. (#1).
The U.S. needs China just as much China needs the U.S. so the lobbying power of $AMZN and the rest will ensure the continuity of Chinese presence in the U.S. (those max profits are critically needed).
Oooh before I forget, technical analysis:
Daily Chart
EMA (Exponential Moving Average): 20/50/100/200 EMA (everyone and their mama) are pointing downwards ! This spells bad news, especially going into May (a slow market month)
TTM Squeeze: Squeezing to the bottom; momentum to the downside for both $AMZN and $BABA.
Fib Levels: $BABA - with the current red candle crossing below the .618, there is very high probability that the price action will aim for the 1 fib. This will take us to the previous support and low of $73.28 or a possibility of going below that.
Candle Stick: Summary of last 5 candles equate to a bearish movement. The last pairs look like a Bearish engulfing
Pattern: Down by the sea ... off to the Falling Wedge for both $BABA and $AMZN
News: Do I need to add more to the above? Well, with $NFLX taking a whooping on recent price increase policy, do you think $AMZN may face the same fate?
History: The last 2 earnings have resulted in a downward trend even with great numbers. Everyone and their mama is talking about this stock...
Company is worth Trillions and the consumer base love them... hmm... I really need to be buying the bottom.
AMZN Trading Range PatternAMZN is in a trading range and will be stuck there for a while. This is a normal, necessary pattern. Trading Ranges have inconsistent highs and lows. It is very common to have a deeper trough, aka low, as the trading range heads into its final stages. It is still a great company. It just needs to reinvent and pattern out the extremely high revenues from inflated demand via stimulus checks during the Covid Pandemic, which are a big factor in this stock chart.
is Amazon about to fall?After checking in high timeframes (1d, 3d and 1w) and set up pivote zones, resistances and supports and also checked indicators for price-action patterns i got notice that Amazon stonks will be under bearish trend soon. I think there are 2 important dates which AMZN stonks will fall strongly first one in June and the second one in November.
$AMZN Bear Flag DailyOn Amazon's ($AMZN) daily chart there is a bear flag forming. There is resistance at the 9SMA and 21 EMA. If price action breaks through the 9 SMA and 21 EMA, labeled "Resistance" and holds the pattern is broken. Expectations would be to tap the 9 SMA and 21 EMA and retreat. If that happens, there is downside potential at the spot labeled "Projection" additionally at this level there is gap fill.