Buy Trade Idea for Amazon (AMZN)Description
Amazon (AMZN) continues to be a dominant force in the global e-commerce and cloud computing industries, supported by strong financials and growth potential. Key fundamentals driving a buy opportunity include:
- ** Market Leadership :**
Amazon maintains its position as a global leader in e-commerce, with an expanding logistics network and consistent growth in online retail sales. This market dominance offers long-term revenue growth potential.
- **AWS Growth:** Amazon Web Services (AWS) continues to be a significant driver of profits, with consistent double-digit growth in cloud services. AWS's profitability adds a strong revenue stream to the company’s already diversified portfolio.
- ** Diversified Revenue Streams :**
Beyond e-commerce and cloud computing, Amazon is expanding into new sectors such as digital advertising, media, and healthcare, which positions the company for continued growth in various industries.
- ** Robust Financial Performance :**
Amazon has consistently posted strong revenue and earnings growth, even during periods of economic uncertainty, showing its resilience and adaptability in the face of challenges.
With these strong fundamentals and Amazon’s continuous innovation, a buy trade on AMZN stock presents a compelling opportunity for long-term growth.
Disclaimer
Investing in stocks involves risk, including the potential loss of principal. The information provided here is for educational purposes only and should not be considered financial advice. Stock prices can fluctuate based on various factors, including market conditions, company performance, and economic events. Always conduct your own research, consider your risk tolerance, and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
AMZNCL trade ideas
Amazon (AMZN) is INPLAY Today on September 12, 2024Amazon (AMZN) is showing bullish momentum today, up around 2.77% in premarket trading. This positive movement follows the announcement of a $10.5 billion investment plan by Amazon to expand its U.K. data centers over the next five years, focusing on cloud infrastructure and AI technology. This news has strengthened market sentiment around Amazon's long-term growth prospects, especially its AWS division.
From a technical perspective, AMZN is trading near a key resistance level at around $185. The price is currently above both the 15 and 161 EMA, reflecting a strong upward trend. Additionally, a visible volume profile shows significant accumulation in the $177-$180 range, indicating a strong support zone. If AMZN breaks through the $185 resistance with strong volume, it could continue its upward movement.
However, traders should also consider today's CPI data release, as broader market sentiment can be influenced by inflation reports, particularly in tech stocks like AMZN. Watching for a clean breakout above $185 with increasing volume could provide a solid trading opportunity. A pullback to $177-$180 could also be a potential entry point if support holds.
AMAZON: Crossed over the 1D MA50, best buy trigger you can getAmazon crossed today over the 1D MA50 for the first time since August 1st and effectively validated the buy signal that was triggered on August 5th at the bottom of the Channel Up. The 1D technical outlook just got over neutral grounds (RSI = 56.780, MACD = 0.060, ADX = 15.410) so being slightly bullish along with the 1D MA50 cross, is the best buy trigger you can get.
The MACD pattern is almost the same as on every Channel Up bottom. The rallies that started on those bottoms printed +62.30% and +64.82% rises. We are targeting at another +62.30% rise (TP = 245.00).
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levels to manage risks in trading $AMZN back to its previous ATHcopy & paste from the most recent Morgan Stanley's notes:
3 Reasons Capturing Consumables/Everyday Essentials Is Important:
1) Consumables/Essentials Make Up $1.6trln of US Offline Spend…Set to Drive ~45% of Incremental E-commerce Growth: We estimate US offline spend on grocery, household products, and personal care is $1.6trln...or ~47% of the remaining ~$3trln of offline US Retail Spend. Capturing a larger share of these dollars is important to AMZN’s long-term growth algorithm and its ability to continue to deliver faster than average retail top-line growth.
2) Consumables Have a Higher "Advertising Attach"...Leading to a Potentially Larger High-Margin Ad Business: We believe consumables have a higher than average “advertising attach” rate (advertising as a percent of GMV) given the long-standing use of advertising to build/expand/defend brands and trade-spend dollars used to drive volumes in offline retailer shelves. As such, the extent to which AMZN's consumables business becomes larger should enable AMZN to build an ever-larger high margin ad business.
3) Daily Habits Create Behavior Change: We have often written about AMZN's efforts to change consumer behavior (less shopping around, more online shoppers starting on AMZN, more repeat behaviors, etc.). Consumables and grocery are higher frequency, habitual purchases...so the extent to which AMZN can capture more of these purchases can drive behavior change and even more repeat long-term purchasing behavior (across all categories).
Title: Analyzing AMZN: Key Levels and Indicators to WatchAs we take a closer look at Amazon (AMZN) on the daily chart, we can see that the stock is currently positioned at the upper boundary of an ascending channel. This upward trend has been a positive sign for investors; however, it’s crucial to monitor potential breakout points.
If AMZN breaks below this channel and also falls below the 200-period Simple Moving Average (SMA), it could signal a significant shift in market structure, indicating a bearish trend. Such a move would suggest that the bullish momentum may be weakening, and a change in sentiment could be on the horizon.
Additionally, the MACD (Moving Average Convergence Divergence) indicator is currently showing bearish momentum. This further reinforces the idea that we should be cautious, as it indicates that sellers may be gaining control.
In summary, keep a close eye on AMZN's price action around these critical levels. A break below the channel and the 200-period SMA, combined with the bearish MACD, could suggest a shift towards a more bearish outlook for the stock. Always consider these technical indicators when making investment decisions.
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Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves.
Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows.
So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
Amazon chart weaknessesThe biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors.
Amazon shows lower levels in the RSI in the latest move-up. It is now behind the pivot line from 2022 and having resistance there in the bounce from the 0.382 Fib level.
TradingView Auto Chart Patterns - AMZN LULU GOOGL META NVDA I've been playing around with the auto chart patterns for a few weeks now and so far it's been pretty accurate. I think it's great to have an automated tool to help identify a lot of the common patterns I look for so I wanted to share. It also gives extra confirmation to my current bias. We'll see how these patterns end up playing out.
AMAZON LONG Trade Setup 15m TF - Sep 2, 2024AMAZON LONG Trade Setup
Amazon price crosses over the Risological dotted line at175.4 giving us a clear long trade entry.
Long entry: 175.4
Stoploss: 172.2
Targets for this short trade been marked on the chart for your reference and analysis.
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