By Mill Chart
Last update: May 8, 2024
Exploring Growth Potential: AMAZON.COM INC (NASDAQ:AMZN) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and AMAZON.COM INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected AMAZON.COM INC on our screen for growth with base formation, suggesting it merits a closer look.
To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:AMZN has achieved a 8 out of 10:
ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:AMZN scores a 5 out of 10:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:AMZN, the assigned 7 is noteworthy for profitability:
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:AMZN currently has a 8 as setup rating:
Besides having an excellent technical rating, AMZN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 188.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 181.66, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
More Strong Growth stocks can be found in our Strong Growth screener.
Check the latest full fundamental report of AMZN for a complete fundamental analysis.
Check the latest full technical report of AMZN for a complete technical analysis.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
AMAZON.COM INC
NASDAQ:AMZN (5/17/2024, 7:00:01 PM)
After market: 185 +0.3 (+0.16%)184.7
+1.07 (+0.58%)
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