AMAZON.COM INC (AMZN) Technical Analysis
NASDAQ:AMZN • US0231351067
Current stock price
AMZN Technical Rating and Analysis
Taking everything into account, AMZN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AMZN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AMZN is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by AMZN over the past year are nicely spread over this period.
- A new 52 week high is currently being made by AMZN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month AMZN has a been trading in the 199.14 - 258.79 range, which is quite wide. It is currently trading near the high of this range.
- AMZN has an average volume of 48055000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AMZN is an average performer in the Broadline Retail industry, it outperforms 68% of 30 stocks in the same industry.
AMZN Weekly and Daily overview Charts
AMZN Setup Rating and Analysis
Although AMZN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
AMZN Support and Resistance Analysis
165.27
When analyzing the support we can see 5 important areas.
- A support zone ranging from 254.00 to 255.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 248.27 to 248.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 198.79 to 201.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.57 from a trend line in the weekly time frame.
- Support @166.94 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 255.09 to 255.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
AMZN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMZN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMZN is up. |
| ChartMill Relative Strength | 76.67 | POSITIVE | AMZN has a high relative strength, it outperformed 76.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMZN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMZN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMZN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.37 | OVERBOUGHT | The high RSI value suggests AMZN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.54 | POSITIVE | The MACD value suggests AMZN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.9 | OVERBOUGHT | The high Stochastics value suggests AMZN may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.67 | POSITIVE | The high ADX value value for AMZN suggests a strong trend. |
AMZN Chart- and CandleStick Pattern Analysis
AMZN Technicals: Chart, Performance Metrics, Trend & Indicators
255.08
-0.28 (-0.11%)
AMAZON.COM INC / AMZN TA FAQ
Can you provide the ChartMill technical rating for AMAZON.COM INC?
ChartMill assigns a technical rating of 10 / 10 to AMZN.
What is the current trend direction of AMAZON.COM INC (AMZN) stock?
The current trend direction for AMAZON.COM INC (AMZN) is Bullish.
What is the RSI signal for AMAZON.COM INC (AMZN) stock?
AMAZON.COM INC (AMZN) has an RSI value of 76.3659. This indicates that the stock is currently overbought.
What is the short term momentum for AMAZON.COM INC (AMZN) stock?
The short term momentum for AMAZON.COM INC (AMZN) is positive.
What is the support and resistance level for AMZN stock?
AMAZON.COM INC (AMZN) has a support level at 255.07 and a resistance level at 255.09. Check the full technical report for our detailed analysis of AMZN support and resistance levels.