AMAZON.COM INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	AMZN
ISIN:

AMAZON.COM INC. - Daily - Technical analysis published on 01/16/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 92.26 USD

My targets

101.80 USD (+3.75%)

108.75 USD (+10.83%)

My analysis

The current short-term bullish acceleration on AMAZON.COM INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 92.26 USD. Short-term buyers will use the resistance located at 101.80 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 108.75 USD. Crossing this resistance would then open the door for buyers to target 120.56 USD. Caution, if there is a return to under 92.26 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Nachoperezcandas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AMAZON.COM INC. rating is 98.12 USD. The price has increased by +2.99% since the last closing with the lowest point at 94.12 USD and the highest point at 98.37 USD. The deviation from the price is +4.25% for the low point and -0.25% for the high point.

94.12

98.37

98.12

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AMAZON.COM INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AMAZON.COM INC. chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.04	83.92	92.26	98.12	101.80	120.56	147.25
Change (%)	-31.68%	-14.47%	-5.97%	-	+3.75%	+22.87%	+50.07%
Change	-31.08	-14.20	-5.86	-	+3.68	+22.44	+49.13
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.12	92.62	95.37	96.87	99.62	101.12	103.87
Camarilla	96.95	97.34	97.73	98.12	98.51	98.90	99.29
Woodie	91.75	92.93	96.00	97.18	100.25	101.43	104.50
Fibonacci	92.62	94.24	95.25	96.87	98.49	99.50	101.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.39	83.23	90.68	94.52	101.97	105.81	113.26
Camarilla	95.02	96.05	97.09	98.12	99.16	100.19	101.23
Woodie	81.19	84.13	92.48	95.42	103.77	106.71	115.06
Fibonacci	83.23	87.55	90.21	94.52	98.84	101.50	105.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.82	72.25	78.13	87.56	93.44	102.87	108.75
Camarilla	79.79	81.19	82.60	84.00	85.40	86.81	88.21
Woodie	61.04	71.36	76.35	86.67	91.66	101.98	106.97
Fibonacci	72.25	78.10	81.72	87.56	93.41	97.03	102.87

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	66.33
MACD (12,26,9):	0.6100
Directional Movement:	15.37
AROON (14):	35.71
DEMA (21):	89.10
Parabolic SAR (0,02-0,02-0,2):	83.76
Elder Ray (13):	6.27
Super Trend (3,10):	85.88
Zig ZAG (10):	98.12
VORTEX (21):	0.9700
Stochastique (14,3,5):	95.04
TEMA (21):	92.46
Williams %R (14):	-1.48
Chande Momentum Oscillator (20):	15.08
Repulse (5,40,3):	8.0700
ROCnROLL:	1
TRIX (15,9):	-0.2300
Courbe Coppock:	14.07

MA7:	90.70
MA20:	86.99
MA50:	90.41
MA100:	105.15
MAexp7:	92.28
MAexp20:	89.34
MAexp50:	93.19
MAexp100:	101.92
Price / MA7:	+8.18%
Price / MA20:	+12.79%
Price / MA50:	+8.53%
Price / MA100:	-6.69%
Price / MAexp7:	+6.33%
Price / MAexp20:	+9.83%
Price / MAexp50:	+5.29%
Price / MAexp100:	-3.73%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on AMAZON.COM INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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