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Uptrend Broken SupportArchive
- 1/10/2025 -
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Amazon.com (AMZN) Technical Analysis
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| Summary:
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| | It was the negative week for the Amazon.com (AMZN). During the week, the AMZN dropped -5.20 points, or -2.32%, and closed at 219.00 on Friday, January 10, 2025. It was the worst weekly loss since November 22, 2024. Weekly volume was -30% below average.
AMZN is a member of Consumer Discretionary Sector. Consumer Discretionary is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AMZN long-term trend chart]
A long-term uptrend had started on January 6, 2023 at 81.43 and reached 233.00 on December 16, 2024. AMZN gained -151.57 points, or -186.14%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 171.04 and resistance is at 231.25. 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 233.00 on December 16, 2024. AMZN gained -81.39 points, or -53.68%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (222.47) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See AMZN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See AMZN short-term trend chart]
A short-term downtrend had started on December 16, 2024 at 233.00 and reached 216.60 on January 10, 2025. AMZN lost 16.40 points, or 7.04%, in 25 days. The price is now at the 14.63% retracement level.
 Daily Technical Indicators: [See AMZN daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since December 18, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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