AMAZON.COM INC. - 1H - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 133.17 USD
My targets
124.51 USD (-3.57%)
119.90 USD (-7.14%)
My analysis
AMAZON.COM INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 133.17 USD. The next support located at 124.51 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 119.90 USD. Below this support, sellers could then target 112.91 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by hedgemats. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMAZON.COM INC. rating is 129.12 USD. The price is lower by -0.16% since the last closing and was between 128.52 USD and 132.03 USD. This implies that the price is at +0.47% from its lowest and at -2.20% from its highest.128.52
132.03
129.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMAZON.COM INC.:
Technical
Technical analysis of this 1H chart of AMAZON.COM INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 90.73 | 101.76 | 112.91 | 129.12 | 133.17 | 136.01 | 139.99 |
| Change (%) | -29.73% | -21.19% | -12.55% | - | +3.14% | +5.34% | +8.42% |
| Change | -38.39 | -27.36 | -16.21 | - | +4.05 | +6.89 | +10.87 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.24 | 126.38 | 127.75 | 129.89 | 131.26 | 133.40 | 134.77 |
| Camarilla | 128.16 | 128.48 | 128.80 | 129.12 | 129.44 | 129.76 | 130.09 |
| Woodie | 123.86 | 126.19 | 127.37 | 129.70 | 130.88 | 133.21 | 134.39 |
| Fibonacci | 126.38 | 127.72 | 128.55 | 129.89 | 131.23 | 132.06 | 133.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.28 | 119.90 | 124.51 | 133.13 | 137.74 | 146.36 | 150.97 |
| Camarilla | 125.48 | 126.70 | 127.91 | 129.12 | 130.33 | 131.55 | 132.76 |
| Woodie | 109.28 | 118.90 | 122.51 | 132.13 | 135.74 | 145.36 | 148.97 |
| Fibonacci | 119.90 | 124.95 | 128.08 | 133.13 | 138.18 | 141.31 | 146.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.18 | 118.80 | 128.40 | 136.02 | 145.62 | 153.24 | 162.84 |
| Camarilla | 133.28 | 134.85 | 136.43 | 138.01 | 139.59 | 141.17 | 142.75 |
| Woodie | 112.18 | 119.30 | 129.40 | 136.52 | 146.62 | 153.74 | 163.84 |
| Fibonacci | 118.80 | 125.38 | 129.44 | 136.02 | 142.60 | 146.66 | 153.24 |
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): | 27.80 | |
| MACD (12,26,9): | -2.2500 | |
| Directional Movement: | -22.44 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 129.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 131.80 | |
| Elder Ray (13): | -1.53 | |
| Super Trend (3,10): | 132.85 | |
| Zig ZAG (10): | 129.12 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 9.09 | |
| TEMA (21): | 128.51 | |
| Williams %R (14): | -83.87 | |
| Chande Momentum Oscillator (20): | -1.97 | |
| Repulse (5,40,3): | -1.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 7.92 |
| MA7: | 136.64 | |
| MA20: | 137.34 | |
| MA50: | 135.31 | |
| MA100: | 128.20 | |
| MAexp7: | 130.01 | |
| MAexp20: | 132.14 | |
| MAexp50: | 135.39 | |
| MAexp100: | 136.80 | |
| Price / MA7: | -5.50% | |
| Price / MA20: | -5.99% | |
| Price / MA50: | -4.57% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -2.29% | |
| Price / MAexp50: | -4.63% | |
| Price / MAexp100: | -5.61% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on AMAZON.COM INC. at the time of the generation of this analysis was as follows:
- Sofidel Earns Climate Pledge-Friendly Badge by Amazon
- E-Commerce agency Optimizon acquires two award-winning businesses, Nozzle, analytics tool for Amazon sellers, and Amazon agency Marketplace AMP
- Thinking about buying stock in Oracle Corp, Amazon.com, Ford Motor Co, Occidental Petroleum, or Qualcomm?
- Kings Entertainment's Subsidiary, Braight AI, Forms Strategic Partnership with Amazon Web Services (AWS) in Mexico
- Thinking about trading options or stock in Crinetics Pharmaceuticals, Tesla, Rtx Corp, Palantir Technologies, or Amazon.com?
This member declared not having a position on this financial instrument or a related financial instrument.
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