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Internet & Direct Marketing Retail Industry Stocks Technical Analysis - AMZNArchive
- 11/8/2024 -
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Amazon.com (AMZN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Amazon.com (AMZN). During the week, the AMZN gained 10.00 points, or 5.04%, and closed at 208.30 on Friday, November 8, 2024. AMZN was trading at average weekly trading volume.
 Long-term trend: [See AMZN long-term trend chart]
A long-term uptrend had started on January 6, 2023 at 81.43 and reached 212.30 on November 7, 2024. AMZN gained -130.87 points, or -160.71%, in 95 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 163.71 and resistance is at 221.18. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See AMZN medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 151.61 and reached 212.30 on November 7, 2024. AMZN gained -60.69 points, or -40.03%, in 13 weeks. The price is now at the 6.59% retracement level.
 Weekly Technical Indicators: [See AMZN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 25, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See AMZN short-term trend chart]
A short-term uptrend had started on October 7, 2024 at 180.25 and reached 212.30 on November 7, 2024. AMZN gained -32.05 points, or -17.78%, in 31 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (187.11) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See AMZN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 31, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
5 |
| Industry |
Internet & Direct Marketing Retail |
108 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
183.69 |
| Low Date |
10/23/2024 |
| High |
212.30 |
| High Date |
11/07/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
196.41 |
| Support |
187.11 |
| Low |
180.25 |
| Low Date |
10/07/2024 |
| High |
212.30 |
| High Date |
11/07/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
151.61 |
| Low Date |
08/05/2024 |
| High |
212.30 |
| High Date |
11/07/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
221.18 |
| Support |
163.71 |
| Low |
81.43 |
| Low Date |
01/06/2023 |
| High |
212.30 |
| High Date |
11/07/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
3773.08 |
| High Date |
07/13/2021 |
| Low |
81.43 |
| Low Date |
01/06/2023 |
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