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Amazon To Sell Hyundai Vehicles OnlineAmazon will begin selling Hyundai vehicles online in the U.S. starting next year, the two companies said on Thursday. Customers will be able to shop for, equip and buy a car at Amazon.com and schedule delivery through a local Hyundai dealer, the companies said. The agreement is an expansion of a deal announced two years ago to expand Hyundai's digital showroom on Amazon.com, enabling customers to configure a vehicle, calculate the price and locate a dealer to complete the sale. Hyundai set up its first digital showroom on Amazon in 2018. The new agreement also will enable buyers of new Hyundai vehicles in 2025 to access Amazon's Alexa voice assistant from their cars. Hyundai has selected AWS as its preferred cloud provider to accelerate its digital transformation using broad and industry-leading AWS capabilities—from compute, storage, database, and analytics to generative AI and Internet of Things (IoT). As part of a new multiyear agreement, Hyundai will become a more data-driven organization with a cloud-first technology strategy, migrating its current on-premises applications—which support everything across research, product engineering, and customer engagement—to AWS. Hyundai will prioritize business cases like manufacturing and supply chain to help optimize production and minimize costs, security and disaster recovery for resiliency, and connected vehicle development to bring new features to drivers around the globe. AWS and Hyundai have designed and implemented a Master Builder training and certification program to train Hyundai engineers in critical cloud skills. Technical Analysis AMZN is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AMZNLong
by DEXWireNews
AMZN - 19 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:AMZNLong
by TheArtOfCharting
2
AMZN ~ Snapshot TA (Daily / Nov 2023)NASDAQ:AMZN chart mapping/analysis. Consolidation within ascending parallel channel (green). Bull target(s) Ascending trend-line resistance (white dotted) Upper range of parallel channel (green) + 78.6% Fib confluence resistance zone Overhead gap fill (~163.27) Bear target(s) 61.8% Fib Underlying gap fills (~133.57 / ~121.64) 50% Fib lower range of ascending parallel channel (green) 38.2% Fib Upper range of descending parallel channel (light blue)
NASDAQ:AMZN
by BlueHatInvestor
Amazon Cup and Handle Breakout Possibility Next WeekAmazon has formed a cup and handle on the weekly. Current sentiment has turned bullish, yields are pushing lower and seasonals are great too for Amazon at this time of the year. Fundamentally, AWS is the engine for Amazon and I expect revenue to pick up in that department in the coming months. As for retail, it should steadily deliver. We need to finish above 147 in the coming week or get a bullish daily close in the daily and then the coast should be clear. 1st Target is 180.
NASDAQ:AMZNLong
by Kemsdale
4
5 Technical Indicators for Smart TradingNavigating the intricate world of trading requires a keen understanding of technical indicators. These powerful tools serve as guiding stars, illuminating market trends and potential entry or exit points. Today, we unravel 5 top technical indicators that stand as pillars in the realm of trading. Whether you're a beginner seeking foundational knowledge or an experienced trader aiming to refine your strategy, consider these indicators to enhance your analysis. 1. Moving Averages: Riding the Waves of Market Trends Moving Averages (MA) are foundational tools in technical analysis, smoothing out price data to identify trends over specific periods. Simple Moving Averages (SMA) provide straightforward trend indications, while Exponential Moving Averages (EMA) offer more weight to recent prices, making them highly responsive to market shifts. Traders often use crossovers between different MAs to pinpoint entry and exit points and utilize different lengths on different time frames. One common way traders use MA’s is to identify the overall trend using one or two moving averages. 2. Relative Strength Index (RSI): Gauging Overbought and Oversold Conditions RSI measures the speed and change of price movements. It oscillates between zero and 100, traditionally using levels of 70 for overbought and 30 for oversold. Traders interpret divergences between RSI and price movements, seeking potential reversal points. Additionally, hidden divergences, where RSI disagrees with the underlying trend, are valuable for trend continuation strategies. 3. Bollinger Bands: Embracing Volatility for Profitable Trades Bollinger Bands consist of a middle line being an MA (often 20 period) and two outer bands representing standard deviations from the middle band. Volatility increases the distance between the bands, offering a visual representation of market volatility. When the price touches the upper band, it signals potential overbought conditions, while touching the lower band indicates potential oversold conditions. Traders also observe "band squeezes" as precursors to significant price movements. 4. Moving Average Convergence Divergence (MACD): Capturing Trend Changes The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that highlights the relationship between two Moving Averages (MAs). The MACD line represents the difference between a short-term EMA (often 12 periods) and a long-term EMA (typically 26 periods). The signal line, usually a 9-period EMA of the MACD line, acts as a trigger for buy and sell signals. Traders observe MACD crossovers, where the MACD line crosses the signal line, as potential entry points. Additionally, MACD histogram bars visualize the distance between the MACD and its signal line, offering insights into the strength and direction of a trend. By understanding these components, traders gain a nuanced understanding of potential trend changes and momentum shifts. 5. Average Directional Index (ADX): Measuring Trend Strength The Average Directional Index (ADX) is a trend strength indicator that quantifies the strength of a market trend without specifying its direction. Typically, an ADX above 25 indicates a strong trend, while below 20 suggests a weak trend. Traders use ADX crossovers and divergences with the price chart to distinguish between trending and ranging market conditions. A rising ADX suggests a strengthening trend, while a falling ADX may indicate a weakening trend strength. Combining ADX with other technical indicators enhances a trader's ability to identify robust trends and potential reversals, providing a more comprehensive view of market dynamics. Wrapping Up: This article scratches the surface of the indicators listed, there are whole books written on some of them. We have gone more in-depth with most of these indicators in our previous articles. We have linked those articles below if you would like to learn more about any of these foundational indicators. Remember, while these indicators provide valuable data, combining them with a robust risk management strategy, other indicators for confirmation, and a deep understanding of market fundamentals ensures a holistic approach to successful trading. Happy Trading!
NASDAQ:AMZNEducation
by LeafAlgo
W PATTERNThe first ;eg of a W pattern pattern is Down. The last leg, leg 4, is Up. Valley 2 (V2) is lower than valley 1. This brings a few patterns to mind as only a few have this scenario. A Cypher is measured from the top of the 1st leg to the bottom of the 3rd leg (V2) and terminates near the .786. Price pierced the .786 today with a candle shadow. The Nen-Star is measured in the same way but terminates at the 1.272 or very close. A shark is measured using the 1st leg only, the down leg and the 4th leg terminates near the .886 for a Shark and the 1.113 for the Alternate Shark. So I will wait and see. No recommendation. The market can be an endless procession of surprises. The expected rarely occurs and seldom in the expected manner.
NASDAQ:AMZN
by lauralea
AMZN BULLISH???...Watching AMZN for a potential Inverse Head and Shoulders pattern to develop on the Daily Chart. AMZN sold off pretty hard leading up to earnings on 10/26/23 only to experience a large gap to the upside (represented by the blue parallel channel) to open the session on the morning after the report. The stock had been mainly trading inside a Descending Channel(D) since making its most recent high of $145.86 on 9/14/2023. After setting a 52wk Low in Dec '22, the stock began to recover before hitting the 200(MA)(D) and falling sharply as a result of a miss on Q4 '23 earnings announced on 2/2/23. The stock fell more than 20% before finding support and going on a straight rocket ship that it has been on since March of this year. The run has been fueled by three consecutive earnings beats, with the most recent being a few days ago on 10/26/23. As a result, AMZN has beaten projections for all three quarters of '23 and looks poised to have a strong Q4 with the holiday season approaching. AMZN has risen significantly over the last two sessions since the release of the earnings report, however the overall sentiment of the market is FEARFUL, and stocks have been in a corrective mode creating lots of downward pressure. The stock seems to have found support at the 200MA(D) and closed today above both the 50MA(D) and 100MA(D). This area also coincides with the Golden Zone of a Fib Retracement from the last earnings miss, to the most recent high. This area is represented by the yellow rectangle encompassing the Head, just below what would be the Left and Right Shoulders. Expectations are for a pullback in the area of $134-$136 down to the $123-$125 area, (completing the Head and forming the Right Shoulder) before continuing its upward trajectory. Price action should be interpreted as it develops, and this serves as a general idea how the chart could start to take shape. Levels should be treated as zones and entries taken on a real time basis. Trade Scenarios 1. Early Takeoff Stock had been trading in a Descending Channel(D) since August. The stock temporarily experienced a false breakout above the channel on 9/8/23 but returned back inside the channel eight trading sessions later. It traded inside the channel for about two weeks before another failed breakout attempt on 10/12/23 and ultimately falling back into the channel. On Thursday 10/26/23 (the last session before earnings were released) the stock found support at the bottom of the channel and the Golden Fib Zone creating a nice bounce allowing the stock to close above the Descending Channel(D). With strong momentum the stock could possibly take off from here however that seems unlikely. The safer play would be to wait for Bullish price action to occur on a retest of the top of the Descending Channel(D). If the overall market begins to show signs of strength, this could be a logical spot for the stock to bounce. This would still be an early aggressive entry. 2.Conservative The safest way to enter the trade would be to let the pattern develop and take entry when the stock breaks the neckline. For added confirmation wait for a break and retest of the neckline but be mindful that this could result in missing the trade completely. 3. Aggressive If the formation is to play out it may be advantageous to wait for a pullback/reaction at the potential neckline. Entry would then be taken if BULLISH price action developed at the anticipated area of the right shoulder. *This is just one of many scenarios/formations that could develop given the stock's current price point and technical levels. It will be important to watch price action over the next couple of days to determine the ultimate direction of the asset. *Bias is to the upside, but it is important to watch the overall sentiment of the market. A break below the area identified as the Left Shoulder would be the first warning sign, and a break below the area identified as the Head would totally invalidate the trade's parameters. Should that occur, it would not immediately mean the stock has turned BEARISH however, it would mean the stock should be re-evaluated before entry. *RSI(D) has confirmed DBL BTM, breaking above the neckline and currently resides in BULLISH territory with a reading over 50. *Watching Bollinger Bands(D), AVP(52wk Low) POC, VAH, and VAL for added support/resistance.
NASDAQ:AMZNLong
by JimmyNoDice