AMZN#Amazon - H1
📣 Observing the 1-hour timeframe, with a break of the support level at 123.33, we might anticipate a price decline towards the 118.50 range.
⛔ Stop Loss: 127.00
AMZN trade ideas
AMZN PRO FORECAST Q3 '23Ill keep it brief
someone was asking how amzn will do (feel free to ask on certain stocks in the comments i enjoy helping shed light)
NASDAQ:AMZN has reached my supply zone and im expecting it to join the overall
market IN THE RECESSION reason being , being in tech its screwed follow me for bulls in this bear that said what are my targets for this bear
im expecting it to hit my demand zone for now i will update if i see any potential
reversal before then considering how im expecting a soft landing in the markets
crazy but yes
and for those doubting my insight below is my last amzn call and my channel is public for all
$AMZN 15 MIN 2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement.
2 steps for Bearish Scenario with T1S Indicator:
1. Candles Below the Green Line:
• Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend.
2. Bars Negative Below Zero:
• Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement.
Amazon showing signs of weakness ahead of Q3 earningsAmazon report their latest earnings next week, with markets looking for fresh insights into US consumption in the face of elevated interest rates. Three months ago, the tech giant managed to blast through estimates, driving earnings per shares into the highest level in six-quarters. That raises question marks over the ability to maintain the upward trajectory as US consumers deal with a sharp increase to the cost of living. Thus far, retail sales data has highlighted continued strength on the spending-front, with rising wages helping to alleviate the pressure for now.
The Amazon web services cloud segment remains a key driver of growth, although the second quarter saw growth slow somewhat to 12% (vs 16% in Q1). There is a hope that AI investment will ultimately benefit the AWS service, although that hasn’t come to fruition quite yet. Advertising also provides a key element to watch, with a 22% gain in the second quarter highlighting the growing influence of this segment.
There is a hope that the company will continue to gain ground as spending habits largely overlook any negative impact from higher rates. The impact of inflation has been to increase the value of goods being sold, and Amazon should benefit from that as long as clients do not limit the number of items they purchase in response. With EPS expected to come in around $0.58 (vs $0.65) for the quarter, markets are looking for consolidation of the Q2 performance rather than any blockbuster figure. That may provide the basis for outperformance should conditions allow.
From a technical perspective, the break below $130.96 and trendline support brings an end to the bullish trend that has played out over the course of 2023 thus far. This feeds into the wider bearish pattern played out through 2021 and 2021, with a break up through $146 required to bring a wider bullish picture into play. While price rallied back into that key level in mid-September, we have been showing signs of weakness ever since. As we head into the Amazon earnings report, price has completed an intraday double top formation that signals the potential for another period of weakness. However, next week should help us determine whether this is a short mterm pullback before we rally, or the beginning of another period of weakness as highlighted by the weekly chart.
Weekly ChartW pattern noted. Double top also noted.
Earnings estimated to be on 10-26 which could dictate IF or how far this will fall.
T1 is marked if this continues to fall. T2 is listed in the event T1 is passed and so on.
Flag like structure that is best seen on daily.
Price fell from a bearish rising wedge a while ago.
No recommendation
Daily chart:
Almost to the bottom of the channel started last month. AMZN looks like it could bottom at around 127.20 ish (Hopefully). Next stop is going to be around Earnings are coming soon. If AMZN doesn't break out of the 124.85 ish. If that breaks then there isn't a floor until we get to under 100.00. I doubt AMZN goes that low. There will be buyers at 125 with earnings next week on Oct 26th. Earnings can't get here fast enough! Look at NFLX up almost 10% after hours right now. I can see AMZN going right back to 142.00 if earnings are what we expect. Above 142.00 then I see 152.00 and 158.00.
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon.
Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post).
This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off.
All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
AMZN - On Way from A to CWave B of Corrective Wave A-B-C reached 50 percent retracement of Wave A. If not for the gap between 131 and 134, AMZN could have made 61.8 percent retracement. The gap is acting as a major resistance.
Wave C of Corrective Wave A-B-C has begun. It may go down to 114 where there is support from the peak of 2 Feb 2023. This is also 100 percent retracement of Wave A.
There is a likelihood that AMZN may go all the way to 100 (161.8 percent retracement of Wave A) if the market remains weak.
Motive Wave in details:
Corrective Wave in details:
AMZN: Technical & Fundamental AnalysisTechnical Analysis:
Trend & Moving Averages : The stock recently moved above the 50-day SMA but is currently below the 200-day SMA, suggesting that it's in a consolidation phase. The 200-day SMA is a critical level to watch. A sustained move above it might signal a longer-term bullish trend.
Fibonacci Retracements : The price seems to be hovering around the 0.382 retracement level, which has been a resistance area in the past. A breakout above this could target the 0.5 and then the 0.618 levels.
MACD : The MACD is currently below the zero line and is showing a bearish crossover, indicating possible bearish momentum in the short term.
RSI : RSI is slightly above 40, not indicating overbought or oversold conditions.
Stochastic Oscillator : The stochastic is moving upwards, approaching overbought territory (above 80), suggesting potential bullish momentum in the short term.
Bollinger Bands : The stock price is in the lower half of the Bollinger Band range, indicating a potential for a price rise.
Fundamental Analysis:
Valuation: The price to earnings ratio (P/E) stands at 105.23, which is relatively high compared to historical standards, suggesting that the stock might be overvalued.
Growth & Profitability: The company seems to have seen a dip in its recent performance, with decreasing margins.
Revenue Breakdown: Amazon earns a significant portion of its revenues from online stores and third-party seller services, showing its dominance in e-commerce.
Estimates: The earnings estimate for the recent year seems to be lower than the actual, potentially indicating better-than-expected performance.
Dividends: Amazon does not pay dividends, which means they might be reinvesting all their profits back into the company for growth.
Financial Health: Debt levels have been steady, indicating that the company is not heavily leveraging its growth.
Overall Trading Recommendation and Conclusion:
Short-term Outlook: The recent move above the 50-day SMA and the rising stochastic suggest potential bullish momentum. The next resistance to watch is the 200-day SMA.
Medium-term Outlook: While the stock shows signs of consolidation, the bearish MACD crossover might indicate potential downward momentum. The 0.5 Fibonacci level can act as a key resistance, while the 0.382 level is a crucial support.
Fundamental View: The high P/E ratio might be a concern for some investors looking for value. However, the solid revenue breakdown and stable debt levels highlight the company's strong fundamentals. The lack of dividends indicates a growth-focused approach.
Considering both technical and fundamental aspects, traders should be cautious with their positions, setting appropriate stop losses and taking profits at key resistance levels. Always ensure to do thorough research and possibly consult with a financial advisor before making trading decisions.
AMZN Not Showing Signs of Strength YetAMZN is trying to fill the gap between 131 and 135. The gap has not been completely filled. When a gap is not filled in a downtrend, it is a sign of weakness. AMZN is also not able to break above 50 SMA, which is hovering in the area of the gap.
When AMZN reached 123 on 28 September, it was testing 38.2% retracement of the 1-2-3-4-5 Motive Wave. This level was retested on 6 October. However, AMZN is showing signs of weakness since, as I said, it is unable to fill the gap so far. If AMZN goes down to the 38.2 percent level again and bounces, it may fill the gap and continue upwards. However, I think this is a less likely scenario since we are in a weak market.
The more likely scenario: AMZN is forming an A-B-C Corrective Wave. AMZN will lose the 38.2 percent retracement and retrace up to 115, which is the 50 percent retracement level of the 1-2-3-4-5 Motive Wave. The C Wave will be completed here. There is also strong support at this level - the peak of 2 Feb 2023.
The uptrend that will begin at 115 will go up to 155, which is the 61.8 percent projection level of the large Motive Wave (taking the low as 115 - end of A-B-C Corrective Wave).
Long Term: Amzn PutAmazon seems to forming a double top. I see this dropping to $115-110 range in the next 3-6 months. If this break $131.50, we will see more dropping.
Short term targets:
Target price 1: $127-126.23
Target price 2: 122.86
Target price 3: 114.00
Target price 4: 110.95
I also see Amzn retracing in the short term to $135 if it doesn't break and hold under $131.50. I will buy a put at $136 and hold until Target 1 is reached.
AMZN AMAZON next moveAmazon.com Inc's. next large thing may be prowling in the costly production network contraption that is changed its online business into a juggernaut.
The Seattle-based organization's venture into purported operations administrations — transportation and conveyance — could ultimately be worth more than $100 billion in income, as per Truist Protections expert Youssef Squali.
Amazon (AMZN) -> Growing With E-CommerceMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
Looking back at January of 2023 you can see that Amazon stock perfectly retested and already rejected the support trendline of the rising channel and also a previous resistance level.
With Amazon currently retesting resistance at the $141 level, I do expect a minor rejection but then I would love to see a break and retest and another push higher to retest the channel top.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Amazon -> Continuation TradeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
After the recent rejection away from the lower support trendline of the rising channel I do now expect a short term correction back to the $105 level. Then we could see an inverted head and shoulders pattern which indicates more upside potential and eventually new all time highs.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
$AMZN - 15min 2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement.
2 steps for Bearish Scenario with T1S Indicator:
1. Candles Below the Green Line:
• Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend.
2. Bars Negative Below Zero:
• Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement.
At least one more bullish leg up potential for AMZN in Q4'23 While my long-term macro Elliot wave count* on AMZN is not certain, but if the price manages to hold above 123, I am counting on at least one move up towards 151-160 resistance area in Q4 this year.
In the short-term, 50D MA region will serve as an important resistance zone, and point of interest for big institutional money. We either see the price getting institutional support in this area, or we may be left with substantial selling pressure. That is why definitive move above 50D MA, with volume pick-up, would be an important marker for confirmation of the higher potential, mentioned above. This region also coincides with Sep's gap-down, that was not yet filled with any followed-up upward bounce.
Breaking below 123 area, either in the short-term, or during the next correction higher in the wave structure, would be the turning point for me, to consider something major bearish is potentially in the cards.
Trading thesis: if price breaks out above yesterday's highs with volume support, longs could be initiated with 3 and 5% stop losses.
* One important caveat to EW: I use it solely to have a subjective idea about sentiment and overall context to support, but not guide, my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count.
