Amzn shortI'm taking a jab at the bearish XABCD pattern. Amzn also hit a resistance at $133. Target 1: $126.75 Target 2: $123.96-122.87Shortby MaryBlossomJUpdated 3
$AMZN 15min 2 steps for Bullish Scenario with T1S Indicator: 1. Candles Above the Green Line: • Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum. 2. Bars Above Zero: • Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement. 2 steps for Bearish Scenario with T1S Indicator: 1. Candles Below the Green Line: • Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend. 2. Bars Negative Below Zero: • Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement. by Moey830
AMZN Pulls NASDAQ Up, Expecting Help from AAPLAmazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May. → AMZN EPS: actual = USD 0.94, expected = USD 0.58 → Gross revenue: actual = $143.5 billion, expected = $141 billion → For the Q4, AMZN expects revenue of USD 160-167 billion → Revenue from Amazon Web Services grew by 12.3% year on year → Advertising revenue increased by 26% However, the AMZN chart shows that: → the price pushed off from the lower border of the parallel channel; → the breakdown of the psychological level of USD 120 per share turned into a trap for the bears; → the price is approaching the resistance zone, which is formed by the median line of the channel and the level of USD 135. AMZN is acting as a leader among NASDAQ stocks, but that may not be enough for the index to show positive sentiment in a market under pressure from high Fed rates. While a report from AAPL could add some good news, it is expected on November 2, after the market closes. On the eve of the report, Apple (AAPL) presented new 3-nanometer M3 chips, as well as an updated family of MacBook Pro laptops: a 14-inch MacBook Pro for USD 1,599, and 16-inch laptops will start at USD 2,499. Also on the radar for stock traders is the Fed meeting on November 1st. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. by FXOpen12
Amazon Analysis WeeklyAmazon.com, Inc. is an American e-commerce company, headquartered in Seattle, Washington. It is the largest Internet company in the world.Time proclaimed Jeff Bezos, the company's founder, Man of the Year in 1999, in recognition of Amazon's success in popularizing e-commerce.Longby Patriking1
Time to buy Amazon I think now is the best price to buy Amazon and also for long term trade it will be really good .by CNAFXUpdated 2
AMAZON 1st bullish break-out made. Only the 1D MA50 left.Amazon (AMZN) made a Channel Down Lower Low on Thursday just before hitting the 1D MA200 (orange trend-line) and following the higher than expected earnings opened Friday much higher. That price jump broke above the September 14 Lower Highs trend-line. The 2nd and final bullish break-out we expect before buying again for the long-term will be above the 1D MA50 (blue trend-line), which is where the October 12 rejection took place. A candle closing above it, would invalidate the medium-term bearish bias and most likely restore the stock back on long-term bullish trend. The 1D RSI Double Bottom is what at the moment is shifting the sentiment a little more towards a potential bullish break-out. On the other hand, a break below the 4H MA200 will cancel it. Our target is 146.00, just under the August 16 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot18
AMZN Dropping By 11/03?AMZN did great on earnings but its time for a quick drop 1HR We have Supply Liquidity Heat Zone from $128.30 - $129.84 We have a pivot level from $126.59 - $125.96 Small demand liquidity from $124.79 - $124.50 Demand Liquidity from $119.52 - $117.85 15-30M Looks like we are starting a trending parallel to the upside Option Flow PUTS Below 126 exp 10/27 so ill look for a week later 11/03 Option Chains Call Walls at $128, $125 Heavy Call Imbalance for a few weeks Shortby OakFDom2
Amazon Stock Pops More Than 5%The e-commerce giant's Q4 revenue guidance also beat Wall Street's expectation. Shares of Amazon (AMZN 7.49%) jumped 5.4% in Thursday's volatile after-hours trading session, following the e-commerce and cloud computing leader's release of its third-quarter 2023 report. The gain is attributable to the quarter's revenue and earnings both sprinting by Wall Street's estimates, with the bottom-line beat a particularly big one. Investors were also likely pleased that revenue guidance for the fourth quarter -- the particularly important holiday quarter -- exceeded the analyst expectation. 1. Revenue grew 13% Amazon's net quarterly sales grew 13% year over year to $143.1 billion, easily surpassing the $133.4 billion Wall Street had expected. That result also edged by the company's guidance range of $138 billion to $143 billion. Excluding the favorable effect from foreign-currency exchange, revenue increased 11% from the year-ago period. Year-over-year revenue growth at AWS continued to slow on a sequential-quarter basis. In the prior three quarters, the cloud computing unit's year-over-year revenue grew 12% (Q2 2023), 16% (Q1 2023), and 20% (Q4 2022). This slowdown is industrywide, as many businesses are being cautious with their spending due to the uncertain macro environment. On the earnings call, management expressed optimism that the surging adoption of artificial intelligence (AI) will be a big tailwind for its AWS business. That said, AWS's profitability increased significantly (as discussed in the next section) more than its revenue, and profitability growth, arguably, is more important than revenue growth. Moreover, Amazon's e-commerce business's revenue growth outperformed Wall Street's expectations, which more than compensated for AWS's revenue falling just a tad short of the Street's estimate ($23.06 billion vs $23.13 billion). This dynamic underscores the benefit of diversification. 2. Operating income soared 348% The quarter's operating income more than quadrupled from the year-ago period to $11.2 billion. This result walloped Amazon's guidance range for operating income between $5.5 billion and $8.5 billion. AWS's operating income growth was robust on both a year-over-year and a sequential basis. As noted in the chart, it jumped 30% year over year, and it also increased 30% from the prior quarter (Q2 2023). In the prior quarter, AWS's operating income edged down 5% year over year to $5.4 billion. 3. Earnings per share surged 236% In Q3, net income was $9.9 billion, or $0.94 per share, up 236% year over year. This result crushed the earnings per share (EPS) of $0.28 that Wall Street had expected. The quarter's net income includes a pre-tax valuation gain of $1.2 billion included in nonoperating expense from Amazon's common stock investment in electric vehicle maker Rivian Automotive, which went public in November 2021. The year-ago quarter's net income had included a pre-tax valuation gain of $1.1 billion from the Rivian stock. 4. Operating cash flow rose 81% for the trailing year Operating cash flow jumped 81% to $71.7 billion for the trailing-12-month period. Free cash flow (FCF) was $21.4 billion for this period, compared with negative $19.7 billion in the year-ago period. The company ended the quarter with cash and cash equivalents of $50.1 billion, and long-term debt of $61.1 billion. Investors should mainly focus on Amazon's operating cash flow, rather than its FCF. FCF can jump around a lot quarter to quarter based on how much money the company is investing in growth initiatives. 5. Revenue is expected to grow 7% to 12% in the fourth quarter For Q4, management guided for net sales in the range of $160 billion to $167 billion, which would amount to growth of 7% to 12% year over year. This guidance includes an expected favorable impact of 40 basis points (0.4 percentage points) from foreign exchange rates. Going into the Q3 report, Wall Street had been modeling for Q4 revenue of $157.2 billion, so Amazon's top-line guidance was higher than what analysts had been expecting. Amazon, which doesn't provide earnings guidance, also said that it expects Q4 operating income will be between $7.0 billion and $11.0 billion, compared with $2.7 billion in the prior-year period. A good overall quarter Amazon turned in a strong quarter, especially considering the uncertain macro environment. With its leading positions in two massive growth markets -- e-commerce and cloud computing -- Amazon still has a long runway for growth. Longby DEXWireNews6
AMAZON Making a bullish break out, potentially long term.Amazon / AMZN had a huge price leap after yesterday's earnings release and already crossed over the top of the Falling Wedge pattern. This is the main pattern despite the fact that a Channel Down potentially exists as the Wedge's Lower High was priced/ rejected on the 1day MA50. Equally important is the fact that yesterday the price fall stopped a little over the 1day MA200, which is the first long term Support (1week MA50 being the second). Buy for the long term and target 145.80 (Resistance B). Follow us, like the idea and leave a comment below!!Longby TheCryptagon10
AMZN earnings todayAMZN earnings today, Thursday 10/26, at 4pm. Amazon (AMZN) reported earnings of 0.63 per share on revenue of 134.38 billion for the second quarter ending June 2023. The consensus earnings estimate was 0.34 per share on revenue of 131.42 billion. The company beat expectations by 57.50% while revenue grew 10.85% on a year-over-year basis. The company said it expects third quarter revenue of 138 billion to 143 billion. I'm posting this as a long because of the oversold setup heading into earnings. Q3 September 2023 Consensus: EPS = 0.58 Revenue: 141.47B Moving averages: VWMA 50 = 133 VWMA100 = 132 VWMA200 = 115 TTCATR20: R3 = 140 SMA20 = 128 S3 = 116 Options data: 10/27 expiry Put Volume Total 72,817 Call Volume Total 152,861 Put/Call Volume Ratio 0.48 Put Open Interest Total 166,944 Call Open Interest Total 336,064 Put/Call Open Interest Ratio 0.50 11/3 expiry Put Volume Total 13,037 Call Volume Total 38,575 Put/Call Volume Ratio 0.34 Put Open Interest Total 55,582 Call Open Interest Total 91,627 Put/Call Open Interest Ratio 0.61 11/10 expiry Put Volume Total 3,043 Call Volume Total 9,666 Put/Call Volume Ratio 0.31 Put Open Interest Total 18,328 Call Open Interest Total 26,414 Put/Call Open Interest Ratio 0.69 11/17 expiry Put Volume Total 12,921 Call Volume Total 35,839 Put/Call Volume Ratio 0.36 Put Open Interest Total 303,107 Call Open Interest Total 515,344 Put/Call Open Interest Ratio 0.59 Longby Options360Updated 4
Bearish going into earningsAMZN initial target is 121-122 following the earnings report. Goal target by 11/3 is 114-116 Stop loss is close above 131 - this opens the door for upside to 138 Shortby JerryMandersUpdated 7710
AMAZON Stock Chart Fibonacci Analysis 102623 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 120/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61801
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 .by Nina_ab0
#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. Shortby BallaJiUpdated 663
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 pricesby mggagni0
$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?? by SPYder_QQQueen_Trading6620
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.by shksprUpdated 0
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. by MarthaStokesCMT-TechniTrader5
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 confidenceLongby Ttrade-With-Logic8
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: 127.00Shortby FXSMARTT0
test down gapAmazon's price has retested the downtrend, the price is expected to continue to fall in the near future, so sell it.Shortby tieuphongnaUpdated 223
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 Shortby Bekiumuzi_DubeUpdated 449
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.by ScopeMarkets1