AMAZON.COM INC. - 1H - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 179.48 USD
My targets
174.80 USD (-0.93%)
169.16 USD (-4.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AMAZON.COM INC. as long as the price remains well below 179.48 USD. The sellers' bearish objective is set at 174.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 169.16 USD. In case of crossing, the next objective would be the support located at 166.32 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by m6rga3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMAZON.COM INC. price is 176.44 USD. The price is lower by -1.61% since the last closing and was traded between 173.87 USD and 179.21 USD over the period. The price is currently at +1.48% from its lowest and -1.55% from its highest.173.87
179.21
176.44
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AMAZON.COM INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 166.32 | 169.16 | 174.80 | 176.44 | 179.48 | 183.44 | 186.37 |
| Change (%) | -5.74% | -4.13% | -0.93% | - | +1.72% | +3.97% | +5.63% |
| Change | -10.12 | -7.28 | -1.64 | - | +3.04 | +7.00 | +9.93 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Major |
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 | 168.46 | 171.17 | 173.80 | 176.51 | 179.14 | 181.85 | 184.48 |
| Camarilla | 174.97 | 175.46 | 175.95 | 176.44 | 176.93 | 177.42 | 177.91 |
| Woodie | 168.43 | 171.15 | 173.77 | 176.49 | 179.11 | 181.83 | 184.45 |
| Fibonacci | 171.17 | 173.21 | 174.47 | 176.51 | 178.55 | 179.81 | 181.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.97 | 167.92 | 172.18 | 178.13 | 182.39 | 188.34 | 192.60 |
| Camarilla | 173.63 | 174.57 | 175.50 | 176.44 | 177.38 | 178.31 | 179.25 |
| Woodie | 161.13 | 167.50 | 171.34 | 177.71 | 181.55 | 187.92 | 191.76 |
| Fibonacci | 167.92 | 171.82 | 174.23 | 178.13 | 182.03 | 184.44 | 188.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.84 | 153.58 | 164.29 | 177.03 | 187.74 | 200.48 | 211.19 |
| Camarilla | 168.55 | 170.70 | 172.85 | 175.00 | 177.15 | 179.30 | 181.45 |
| Woodie | 139.83 | 153.07 | 163.28 | 176.52 | 186.73 | 199.97 | 210.18 |
| Fibonacci | 153.58 | 162.54 | 168.07 | 177.03 | 185.99 | 191.52 | 200.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.64 | |
| MACD (12,26,9): | -1.8200 | |
| Directional Movement: | -20.75 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 175.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 177.92 | |
| Elder Ray (13): | -1.60 | |
| Super Trend (3,10): | 178.17 | |
| Zig ZAG (10): | 176.45 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 18.67 | |
| TEMA (21): | 174.92 | |
| Williams %R (14): | -65.46 | |
| Chande Momentum Oscillator (20): | -3.29 | |
| Repulse (5,40,3): | 1.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 6.92 |
| MA7: | 180.69 | |
| MA20: | 184.41 | |
| MA50: | 182.26 | |
| MA100: | 174.83 | |
| MAexp7: | 176.01 | |
| MAexp20: | 178.16 | |
| MAexp50: | 180.39 | |
| MAexp100: | 181.94 | |
| Price / MA7: | -2.35% | |
| Price / MA20: | -4.32% | |
| Price / MA50: | -3.19% | |
| Price / MA100: | +0.92% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -2.18% | |
| Price / MAexp100: | -3.02% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on AMAZON.COM INC.. At the time of publication of this analysis, the latest news was as follows:
- RePack by oceansix Selected to Participate in the Amazon Sustainability Accelerator
- IAS EXPANDS GLOBAL MEASUREMENT OF AMAZON PROPERTIES
- DirectTrust Selected for Amazon Web Services Health Equity Initiative
- MongoDB Announces General Availability of MongoDB Atlas Vector Search Integration with Amazon Bedrock
-
Utah Couple Mistakenly Ships Cat in Amazon Package
This member declared not having a position on this financial instrument or a related financial instrument.
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