AMAZON to sell from portfolioHello ladies and gentlemen, according to my graphical analysis Of AMAZON stock , there is a high probability of a drop to the 111$ level in the coming weeks .
AMZ trade ideas
#AMZN Head and shoulder's ? Quite Possibly!In this environment
I would say this is a distinct possibility
1.3 Trillion Market Cap
107.6 P/E
SPX PE @ 20
Yes very plausible.
AMZNAMZN just like GOOGL and other big cos are all breaking support levels. This could lead to a much bigger pullback than anyone was anticipating. AMZN could go on to test its 2022 lows...another 30% drop from current prices
$AMZN Earnings Implied Move for Earnings
The implied move for AMZN earnings is between 111 and 131….
AMZN trades so differently from the other big S&P companies… and It’s starting to look attractive at this level…
Back in August I published an Idea and my buy target was 119… we are 2 dollars away from that target and I think I’m going to start a position again here…. And then average down if we move lower.
I don’t have a position in AMZN at all right now but at this level I’m feeling interested….
What are your thoughts, y’all??
AMZN | InformstiveNASDAQ:AMZN
Trend & Patterns: The stock appears to be in a downtrend, indicated by the series of lower highs and lower lows.
Support & Resistance:
Bearish Line: This line at approximately $124.97 is possibly acting as an immediate support. A breach below this line could see further declines.
Bullish Line: This line at approximately $125.90 might act as a resistance for the stock. A movement above this line could indicate bullish momentum.
Target Prices: Two target prices are highlighted at around $128.05 and $129.20, which might act as resistance points in case of an upward move.
Extended Support: There's another target price marked at $123.04 which could be a future support level if the stock continues its decline.
Moving Averages: The stock is trading below its moving averages, further indicating a bearish sentiment.
Volume: The volume bars seem to be increasing during down days, which can be a bearish sign. An increased volume on declining days can indicate strong selling interest.
Indicators:
Bollinger Bands: The stock price is near the lower Bollinger Band, which can sometimes indicate that the stock is oversold.
Average True Range (ATR): Without exact values, it's a bit tricky, but a rising ATR often indicates increased volatility.
Recent Price Action: The most recent candlestick appears to be a small bullish one, though it's contained within the range of the previous larger bearish candlestick. This could indicate a potential short-term reversal or consolidation, but it would be essential to watch further price action and other confirming indicators.
Think Before You Short: AMZN EarningsTraders need to check weekly charts when considering selling short stocks at this time. Many times there are strong support levels close to the current sold down price action.
The weekly charts also provide more data for day and swing traders to determine the all important RUN GAIN POTENTIAL. This must be calculated before any trade to determine the Risk versus Profit Potential for that trade, regardless of whether the hold time is a few minutes or several days for swing trading.
For many stocks, the recent selling down is not due to weaker earnings expectations but due to an overall reaction to retail news regarding international conflicts, US government uncertainties and regional wars.
The key element for trading stocks short-term is to understand where support will kick in and halt a sell short trade. Understanding the functionality and the strength or weakness of a support level is crucial to attaining a high-profit trade.
It is also a factor if you are waiting on the Dark Pool Buy Zone levels for getting into the stock for a run up from support levels.
Below is a chart of AMZN, which reports earnings on Thursday this week after the market close.
It shows that support is strong near the current price level. This indicates that the Dark Pool Buy Zone is within that technical price range. Selling short is inherently higher risk as the support level is a long-term trend strong support.
Why is it so strong?
1. There is a several-week price range that held the stock up.
2. Highs are a support mechanism when the stock market is not in a long-term downtrend. ALL
traders should know that this is not a bear market. Indexes are in a Trading Range.
3. The length of the candles is significant and relevant to the strength of the support.
AMZN NEXT MOVE AMZN AMAZON is looking forward to reversal towards 132 levels , all condictions is mentioned in the chart ,, trade with care , trade always with confidence
AMZN#Amazon - H1
📣 Observing the 1-hour timeframe, with a break of the support level at 123.33, we might anticipate a price decline towards the 118.50 range.
⛔ Stop Loss: 127.00
test down gapAmazon's price has retested the downtrend, the price is expected to continue to fall in the near future, so sell it.
AMZN PRO FORECAST Q3 '23Ill keep it brief
someone was asking how amzn will do (feel free to ask on certain stocks in the comments i enjoy helping shed light)
NASDAQ:AMZN has reached my supply zone and im expecting it to join the overall
market IN THE RECESSION reason being , being in tech its screwed follow me for bulls in this bear that said what are my targets for this bear
im expecting it to hit my demand zone for now i will update if i see any potential
reversal before then considering how im expecting a soft landing in the markets
crazy but yes
and for those doubting my insight below is my last amzn call and my channel is public for all
Amazon showing signs of weakness ahead of Q3 earningsAmazon report their latest earnings next week, with markets looking for fresh insights into US consumption in the face of elevated interest rates. Three months ago, the tech giant managed to blast through estimates, driving earnings per shares into the highest level in six-quarters. That raises question marks over the ability to maintain the upward trajectory as US consumers deal with a sharp increase to the cost of living. Thus far, retail sales data has highlighted continued strength on the spending-front, with rising wages helping to alleviate the pressure for now.
The Amazon web services cloud segment remains a key driver of growth, although the second quarter saw growth slow somewhat to 12% (vs 16% in Q1). There is a hope that AI investment will ultimately benefit the AWS service, although that hasn’t come to fruition quite yet. Advertising also provides a key element to watch, with a 22% gain in the second quarter highlighting the growing influence of this segment.
There is a hope that the company will continue to gain ground as spending habits largely overlook any negative impact from higher rates. The impact of inflation has been to increase the value of goods being sold, and Amazon should benefit from that as long as clients do not limit the number of items they purchase in response. With EPS expected to come in around $0.58 (vs $0.65) for the quarter, markets are looking for consolidation of the Q2 performance rather than any blockbuster figure. That may provide the basis for outperformance should conditions allow.
From a technical perspective, the break below $130.96 and trendline support brings an end to the bullish trend that has played out over the course of 2023 thus far. This feeds into the wider bearish pattern played out through 2021 and 2021, with a break up through $146 required to bring a wider bullish picture into play. While price rallied back into that key level in mid-September, we have been showing signs of weakness ever since. As we head into the Amazon earnings report, price has completed an intraday double top formation that signals the potential for another period of weakness. However, next week should help us determine whether this is a short mterm pullback before we rally, or the beginning of another period of weakness as highlighted by the weekly chart.
Weekly ChartW pattern noted. Double top also noted.
Earnings estimated to be on 10-26 which could dictate IF or how far this will fall.
T1 is marked if this continues to fall. T2 is listed in the event T1 is passed and so on.
Flag like structure that is best seen on daily.
Price fell from a bearish rising wedge a while ago.
No recommendation
Daily chart:
Almost to the bottom of the channel started last month. AMZN looks like it could bottom at around 127.20 ish (Hopefully). Next stop is going to be around Earnings are coming soon. If AMZN doesn't break out of the 124.85 ish. If that breaks then there isn't a floor until we get to under 100.00. I doubt AMZN goes that low. There will be buyers at 125 with earnings next week on Oct 26th. Earnings can't get here fast enough! Look at NFLX up almost 10% after hours right now. I can see AMZN going right back to 142.00 if earnings are what we expect. Above 142.00 then I see 152.00 and 158.00.
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon.
Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post).
This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off.
All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
$AMZN THIS AIN´T LOOKING NICEPotential short opportunity on AMZN. September was a rough month and October´s uptrend was stopped right on the .5 fib along with a gap filled...
Could see 120 in the future.
Trade idea gets cancelled above 136.
NASDAQ:AMZN
AMZN AMZN should be in our daily watch list, because the price is moving to great levels between the monthly min. and max. lines
AMZN - On Way from A to CWave B of Corrective Wave A-B-C reached 50 percent retracement of Wave A. If not for the gap between 131 and 134, AMZN could have made 61.8 percent retracement. The gap is acting as a major resistance.
Wave C of Corrective Wave A-B-C has begun. It may go down to 114 where there is support from the peak of 2 Feb 2023. This is also 100 percent retracement of Wave A.
There is a likelihood that AMZN may go all the way to 100 (161.8 percent retracement of Wave A) if the market remains weak.
Motive Wave in details:
Corrective Wave in details:
Amazon Stock.Daily analysis.Swing tradeHello ladies and gentleman,according my analysis To Amazon STOCK.there is agreat probability long to 141 USD.
AMZN: Technical & Fundamental AnalysisTechnical Analysis:
Trend & Moving Averages : The stock recently moved above the 50-day SMA but is currently below the 200-day SMA, suggesting that it's in a consolidation phase. The 200-day SMA is a critical level to watch. A sustained move above it might signal a longer-term bullish trend.
Fibonacci Retracements : The price seems to be hovering around the 0.382 retracement level, which has been a resistance area in the past. A breakout above this could target the 0.5 and then the 0.618 levels.
MACD : The MACD is currently below the zero line and is showing a bearish crossover, indicating possible bearish momentum in the short term.
RSI : RSI is slightly above 40, not indicating overbought or oversold conditions.
Stochastic Oscillator : The stochastic is moving upwards, approaching overbought territory (above 80), suggesting potential bullish momentum in the short term.
Bollinger Bands : The stock price is in the lower half of the Bollinger Band range, indicating a potential for a price rise.
Fundamental Analysis:
Valuation: The price to earnings ratio (P/E) stands at 105.23, which is relatively high compared to historical standards, suggesting that the stock might be overvalued.
Growth & Profitability: The company seems to have seen a dip in its recent performance, with decreasing margins.
Revenue Breakdown: Amazon earns a significant portion of its revenues from online stores and third-party seller services, showing its dominance in e-commerce.
Estimates: The earnings estimate for the recent year seems to be lower than the actual, potentially indicating better-than-expected performance.
Dividends: Amazon does not pay dividends, which means they might be reinvesting all their profits back into the company for growth.
Financial Health: Debt levels have been steady, indicating that the company is not heavily leveraging its growth.
Overall Trading Recommendation and Conclusion:
Short-term Outlook: The recent move above the 50-day SMA and the rising stochastic suggest potential bullish momentum. The next resistance to watch is the 200-day SMA.
Medium-term Outlook: While the stock shows signs of consolidation, the bearish MACD crossover might indicate potential downward momentum. The 0.5 Fibonacci level can act as a key resistance, while the 0.382 level is a crucial support.
Fundamental View: The high P/E ratio might be a concern for some investors looking for value. However, the solid revenue breakdown and stable debt levels highlight the company's strong fundamentals. The lack of dividends indicates a growth-focused approach.
Considering both technical and fundamental aspects, traders should be cautious with their positions, setting appropriate stop losses and taking profits at key resistance levels. Always ensure to do thorough research and possibly consult with a financial advisor before making trading decisions.
Amzn Earning 26th OctJust some thoughts, AMZN probably will hit 114-115 soon, expect it during earnings. Then find support and bounce. Price target 145.
AMZN Not Showing Signs of Strength YetAMZN is trying to fill the gap between 131 and 135. The gap has not been completely filled. When a gap is not filled in a downtrend, it is a sign of weakness. AMZN is also not able to break above 50 SMA, which is hovering in the area of the gap.
When AMZN reached 123 on 28 September, it was testing 38.2% retracement of the 1-2-3-4-5 Motive Wave. This level was retested on 6 October. However, AMZN is showing signs of weakness since, as I said, it is unable to fill the gap so far. If AMZN goes down to the 38.2 percent level again and bounces, it may fill the gap and continue upwards. However, I think this is a less likely scenario since we are in a weak market.
The more likely scenario: AMZN is forming an A-B-C Corrective Wave. AMZN will lose the 38.2 percent retracement and retrace up to 115, which is the 50 percent retracement level of the 1-2-3-4-5 Motive Wave. The C Wave will be completed here. There is also strong support at this level - the peak of 2 Feb 2023.
The uptrend that will begin at 115 will go up to 155, which is the 61.8 percent projection level of the large Motive Wave (taking the low as 115 - end of A-B-C Corrective Wave).
Long Term: Amzn PutAmazon seems to forming a double top. I see this dropping to $115-110 range in the next 3-6 months. If this break $131.50, we will see more dropping.
Short term targets:
Target price 1: $127-126.23
Target price 2: 122.86
Target price 3: 114.00
Target price 4: 110.95
I also see Amzn retracing in the short term to $135 if it doesn't break and hold under $131.50. I will buy a put at $136 and hold until Target 1 is reached.
