- Analytics
- Technical Analysis
Amazon Technical Analysis - Amazon Trading: 2024-10-01
Amazon Technical Analysis Summary
Below 184.56
Sell Stop
Above 191.93
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Amazon Chart Analysis
Amazon Technical Analysis
The technical analysis of the AMAZON stock price chart on 4-hour timeframe shows #S-AMZN,H4 is retracing down to test the 200-period moving average MA(200) after hitting two-and-half-month high a week ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 184.56. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 191.93. After placing the order, the stop loss is to be moved every day to the next fractal high , following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (191.3) without reaching the order (184.56), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Amazon
U.S. District Judge partially granted Amazon request to dismiss a US Federal Trade Commission lawsuit accusing it of maintaining illegal monopolies. Will the AMAZON stock price advancing resume?
The FTC has accused Amazon of using an algorithm that pushed up prices U.S. households paid by more than $1 billion. Amazon asked U.S. District court to dismiss the case in December, saying the FTC had raised no evidence of harm to consumers. Amazon has said in court papers it stopped using the program in 2019. US judge partially granted Amazon's motion. The FTC will be allowed to continue to pursue any claims the judge did not permanently dismiss. The judge also ruled the case will be tried in two parts, rejecting Amazon's bid to have the FTC present evidence of the alleged violations and its proposed remedies in the same trial. Partial dismissal of FTC antitrust lawsuit against Amazon is bullish for Amazon stock price. However, the current setup is bearish for the company stock price.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.