amazon weekly possible retraceamazon is nearing resistance at the 200 weekly moving average possible add or buy at indicated level what do you think?
AMZN trade ideas
Amazon's Resilience: Navigating Challenges and Emerging StrongerAmazon has come a long way since its inception as an online bookseller in 1994. Its stock has witnessed an astounding growth of over 130,000% since going public three years later. Today, Amazon's business spans across a wide range of products, digital services, grocery operations, space satellites, and cloud computing. With its dominance in e-commerce and the cloud industry, one might think that the ideal time to invest in Amazon has passed.
However, despite its remarkable growth, e-commerce sales only accounted for 15% of total retail sales last year, indicating that there is still untapped potential in the market. Furthermore, the increasing demand for artificial intelligence (AI) is projected to fuel revenue in the cloud sector as businesses increasingly rely on AI services. With a strong foothold in both these markets, Amazon's long-term prospects remain promising.
Hence, it is still an opportune time to consider investing in Amazon stock.
The introduction of OpenAI's ChatGPT last year left the tech industry astounded with its ability to generate human-like conversations, pushing the boundaries of AI capabilities. This breakthrough prompted numerous companies to redirect their focus towards AI development.
Cloud computing has emerged as a major beneficiary of the AI revolution, as businesses strive to leverage this technology to enhance their offerings. While Amazon may have initially seemed behind in this domain, its cloud competitor Microsoft secured exclusive licenses to utilize several of OpenAI's AI models. However, Amazon has since made significant progress in generative AI.
For years, the e-commerce giant has been using AI in its retail operations to track consumer shopping patterns, offer personalized recommendations, and optimize shipping logistics. Leveraging its expertise, Amazon has developed an AI model called Amazon Bedrock, which excels in advanced generative AI tasks like creating comprehensive social media campaigns based on product descriptions.
In April, the company announced that Amazon Bedrock would be accessible to Amazon Web Services (AWS) users, alongside a tool called Code Whisperer. This innovative service empowers developers to input their desired outcomes and receive customized code solutions tailored to their specific needs.
While Amazon may have initially lagged in AI services, its dominant market share in the cloud industry positions it advantageously. By impressing AWS users with its current AI models, the company is poised to maintain its leadership and capitalize on the rapidly expanding AI market.
Amazon faced significant challenges last year, with reduced consumer spending and substantial operating losses in its e-commerce segments. AWS also experienced a slowdown in growth due to businesses cutting back on cloud budgets. In evaluating Amazon's prospects, it becomes crucial to take a long-term perspective, considering its strong position in two pivotal markets that are likely to yield favorable results over time.
Encouragingly, the first quarter of 2023 indicates a recovery in Amazon's e-commerce business. The North American segment returned to profitability, reporting $898 million in operating income, while the international segment showed slight improvement. As inflationary pressures subside and Amazon benefits from budget adjustments, the company is expected to continue improving its e-commerce performance. With its dominant market position, Amazon is poised for consistent long-term growth.
Unfortunately, AWS experienced further deceleration in earnings growth during Q1 2023. However, Amazon is still in the early stages of its venture into AI cloud services. The extensive retail knowledge accumulated by the company can be a significant advantage in developing efficient AI models for AWS, while its leading market share continues to attract new users.
Despite a 54% year-to-date increase, Amazon's stock remains 44% below its peak in July 2021. This suggests that there is still potential for a bullish trend. With its strong positions in expanding markets and room for growth, it is not too late to capitalize on Amazon's long-term prospects and potential profitability.
Amazon headed back to $85- AMZN for the past 2 years has been finishing off its 5 wave cycle down. At the end of Dec '22 we saw a push out of the cycle down and into a corrective phase (B Wave) which we are in now and has been going on for the past couple months. It looks like the B wave is coming to an end soon as we approach this range of the blue resistance lines. I see it going into this range and then falling back to make new lows to finish off the C wave.
I don't think I would be a buyer right now with about maybe 15% upside if that and the downside we are looking at 35-45%... The risk/reward isn't there for me, but it might be there for some.
AMAZON Loosely supported. Buy but careful if this level breaks.Amazon / AMZN hit yesterday and is rebounding today exactly at the bottom of the late April Channel Up.
This remains a bullish trend for as long as the Channel Up holds, so buy and target Resistance A at 136.50.
If it breaks downwards, sell and target the 1day MA50 and Rising Support at 123.50.
It is crucial to mention that the 1day RSI has already crossed under its Rising Support, issuing an initial bearish warning.
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Amazon (AMZN:NASDAQ) Strong growth potentialAmazon (AMZN:NASDAQ) continues to capture the attention of analysts due to its market dominance and consistent growth. In this post, we explore the buy rating assigned to Amazon by analysts, highlighting the key factors driving their positive assessments.
Analysts' Buy Rating on Amazon
Strong Market Position and Revenue Growth:
Analysts have assigned a buy rating to Amazon based on its strong market position and robust revenue growth. The company's expansive e-commerce platform, cloud computing services, and digital content offerings have solidified its position as a market leader. Analysts believe that Amazon's ability to capture a significant portion of the online retail market and generate substantial revenue growth provides a solid foundation for future success.
Innovation and Diversification:
Amazon's commitment to innovation and diversification is another factor contributing to the buy rating. The company continuously expands its product and service offerings, entering new sectors such as healthcare, logistics, and smart home technology. Analysts view Amazon's focus on diversification as a strategic advantage that enhances its growth potential and mitigates risks associated with reliance on a single market segment.
Strong Financial Performance:
Amazon's consistent track record of strong financial performance plays a significant role in the buy rating assigned by analysts. The company's ability to generate substantial revenue, coupled with effective cost management, has resulted in consistent profitability. Analysts project continued growth in revenue and earnings, driven by increasing online sales, cloud services demand, and the expansion into new markets.
Analyst Recommendations and Investor Considerations
Growth Potential:
Analysts believe that Amazon has significant growth potential, driven by its market leadership, innovative approach, and ability to adapt to changing consumer behaviours. Investors considering Amazon should carefully evaluate its growth prospects, including the potential impact of expanding into new markets and sectors.
Long-Term Investment Outlook:
The buy rating suggests that analysts view Amazon as a favourable long-term investment opportunity. Investors with a long-term investment horizon may find Amazon's strong market position, diversified business segments, and proven ability to deliver growth appealing.
Risk Factors:
Investors should be aware of potential risks associated with Amazon, such as increased competition, regulatory challenges, and supply chain disruptions. It is essential to conduct thorough research and consider these factors alongside the buy rating when making investment decisions.
Conclusion:
Analysts have assigned a buy rating to Amazon, citing the company's strong market position, consistent revenue growth, innovation, and diversification. Investors considering Amazon should carefully evaluate the company's growth potential, long-term investment outlook, and associated risks. The buy rating suggests that analysts view Amazon as a compelling investment opportunity with the potential for continued success in the future.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
h4 appleapple stock weekly chart we are expecting pull back these week and few week from now basically the market will be in a range for a while.
apple stockapple stock weekly chart we are expecting pull back these week an other an few week from now next few week
AMZN AnalysisPrice consolidated since my last analysis. No changes to my expectation, I'm expecting price to continue lower from here if we get a confirmation on the lower timeframe.
A few reasons to short $AMZNHitting a long term diagonal and a horizontal gap fill.
RSI hitting oversold in daily/weekly.
Bearish divergence on RSI.
This is a great place to start building your short. I will DCA 3 entries at these level's.
Double Bottom Reversal (Still bullish)this is an example from the books, the classic w pattern to get into the original tendency back again I think a nice target should be 160$. Have a nice trade!
$AMZN at strong resistance ahaead of Q3Amazon is currently trading above the pivot to start off Q3 but also stuck between a rock and a hard place as they are just below the 200 week average.
SasanSeifi 💁♂️🔵AMZN 👉12H 118 / 121 / 123▪️ Hello everyone ✌ By examining the chart in the time frame of 12 hours, as you can see, the price has grown by about 12% after breaking the dynamic resistance and due to the completion of pullback from the range of 101, and after a slight fluctuation, it again faced a positive fluctuation. Currently, it is trading in the range of 114 midline of the ascending channel.📊
📈The scenario we can consider is that if the support range of $110 and $108 is maintained, the price will continue to grow up to the range of $118 and the gap area of 121/123.
❗️
🔸We have to see how the price will react to the resistance ranges. If it stabilizes above the range of 123, the possibility of more growth can be considered.‼️⚠️
⚠️Keep in mind that it is important to maintain the 110/108 support range for the continuation of the positive trend.
▫️The current price : 114.07💲
▫️TF : 12-H
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
AMAZON looking like it could be a completed HARMONICI am seeing the 200 week being a resistance, and a harmonic pattern completing right there.
If were in for a dip on tech stocks, this would be the time i think.
looking for a nice retrace right to the baby blue box.
Bearish divergence on the MACD.
Buy when Price is above 20/50/200There are always be trouble below 20ema or 50ema or 200ema or combination of all.
Your odds to make a profit in the market increased significantly if you only buy anything above the 20ema or the 50ema or 200ema or combination of these MAs.
Part 3 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set.
- SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend
- TSLA potentially shaping up an equilibrium
- NVDA bull break above 420 back into its all time highs sideways chop zone
- AMZN fifth rejection from its 131 chop zone still above support though
- GOOGL still the weakest only tech in a daily downtrend
- MSFT went form daily downtrend to uptrend today
- META same as AMZN in a chop zone rejection 5th time from its resistance.
$AMZN Amazon Consolidation Trade | 127 Call Option Trade 6.30.23Amazon Has been ranging between the levels of
131.50 - 127.00 (1hour)
Resistance Levels (15 Minute Time Frame)
The Resistance Levels I’ve charted from strongest to weakness, and they are
131.49, 131.21, 130.85
Support Levels
The Support Levels I have listed as
127.50, 127.28, 127.00
Many reasons to short AMZNBesides hitting a price level, we touching a long term diagonal and adding divergence on RSI gives you a few reasons to short here. Swing trade so long term.
Amazon Trade IdeaHey traders
Here i have shared the possible move of Amazon. It has been making lower lows and lower highs in the price action, so technically once it's reach the daily resistance that i have marked it is a sell side trade. But with all the news all over it may break the resistance and move up again. So we will wait for a clear rejection or break of the zone. If there's a rejection we short the stock and if it breaks the zone we take the buy side. I have marked the highest targets on both side trade, it you who should decide what your Target should be. However even though there's a chance for the stock to go the buy side Target, i don't think it'll get to the sell target, atleast for now. What ever side you take put your SL above or below the marked zone.
Good luck.
$AMZN Analysis, Key Levels & TargetsNASDAQ:AMZN Analysis, Key Levels & Targets
So, looking at historical volatility and moving averages… my target for AMZN is 107…
AMZN AnalysisPrice consolidated since my last analysis. No changes to my expectations, I'm expecting price to go lower from here, potentially into the bullish POI at 118.60 next.
#AMZN Created HNS at 130$
#AMZN created hns and closed below 130$.
IF #AMZN still below this point , it will test back 127.5$
IF #AMZN can break HNS at 130$, it will test 132$
