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AMAZON COM INCAA

AMAZON COM INC

183.768CHFR
+1.324+0.73%
As of today at 08:45 GMT
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AMZ trade ideas

AMZN Short: Potential Ending Diagonal on Price-Volume DivergenceThis is a short call that I had forced the last wave up to be an "ending diagonal". The reason for doing so is because of the price-volume divergence that is shown on the daily timeframe when AMZN was making a new high. For those who are familiar with "Ending Diagonal", the imperfection will to be pointed out is" "Wave 1" did not show clear 3 waves. "Wave 2" is irregular. As I admitted on the first paragraph, I did FORCE this count to show a possibility. Thus the stop loss is very tight: just above the high. The first take profit target will be where the wave 4 of a higher degree ends.
NShort
by yuchaosng
Amazon Set to Launch Dedicated Online Store in Ireland in 2025Amazon ( NASDAQ:AMZN ) has announced its intention to launch a dedicated online store in Ireland in 2025. This move, according to the company, will provide Irish customers with a wide selection of great value products with fast delivery, while also offering opportunities for small- and medium-sized Irish businesses to reach a bigger audience at home and abroad. Amazon.ie will offer more products from Irish businesses, low, local prices, and no additional customs charges. The new store will provide an enhanced experience for both new and existing customers by delivering a localized shopping experience to those who already shop on Amazon stores in other countries. Furthermore, the company stated that more than 1,000 Irish businesses already sell on Amazon and generated over 150 million euros (about $162 million) in export sales in 2022. Amazon ( NASDAQ:AMZN ) currently employs 6,500 people in Ireland, including data engineers, operations management, finance, and other roles. The company has also invested more than 17 billion euros (about $18 billion) in the country since 2020 and launched its first fulfillment center in 2022. Additionally, Amazon signed a five-year agreement with An Post in 2023 that will make deliveries and returns faster and easier. In a related announcement, Amazon ( NASDAQ:AMZN ) stated that it is heading into its 25th year of offering Amazon Marketplace, its online experience that offers goods from independent sellers, many of which are small- to medium-sized businesses (SMBs). Launched in 2000, Amazon Marketplace has enabled independent sellers to employ more than 1.8 million people in the United States and has contributed to these sellers now accounting for more than 60% of sales in Amazon's stores. Technical Outlook Amazon Inc. ( NASDAQ:AMZN ) stock is up 1.09% trading on its 5th wave on the Bullish Divergence pattern. Since December 2023 Amazon ( NASDAQ:AMZN ) stock has started a Bullish divergence pattern going through 6 months now. Hence, traders ought to be cautious of a Bearish Reversal looming ahead.
NLong
by DEXWireNews
Great Expectations: Amazon Q1 EarningsAs Amazon gears up to announce its first-quarter earnings for 2024 after today’s closing bell (April 30th), traders are poised to capitalise on the potential volatility and opportunities that this news event may bring to the market. Let's delve deeper into what investors can expect from Amazon's Q1 earnings by examining market expectations, growth drivers, and key levels to keep an eye on. Anticipated Financial Performance Analysts are currently forecasting that Amazon's first-quarter revenues will reach approximately $142.53 billion, reflecting a slight decrease from the previous quarter's revenue of $170 billion. This anticipated decline is partly attributed to seasonal factors and potential challenges in consumer spending amid global economic headwinds. However, despite the expected dip in revenue, analysts remain optimistic about Amazon's profitability. The consensus estimate for Amazon's diluted earnings per share (EPS) in Q1 2024 stands at $0.83, indicating a slight decrease from the previous quarter's EPS of $1.00. Despite this decrease, Amazon is poised to maintain its strong profitability, driven by efficient cost management and continued growth in high-margin segments such as Amazon Web Services (AWS) and advertising. Key Growth Drivers Several factors are expected to drive Amazon's performance in Q1 2024: E-commerce Momentum : Despite potential headwinds from supply chain disruptions and inflationary pressures, Amazon's core e-commerce business is anticipated to continue benefiting from the ongoing shift toward online shopping. Analysts project that Amazon's gross merchandise volume (GMV) will remain robust, supported by strong demand for a wide range of products and services offered on its platform. Amazon Web Services (AWS) : As a leading player in the cloud computing market, AWS is expected to maintain its growth trajectory in Q1 2024. Analysts anticipate that AWS revenues will continue to grow, driven by increased adoption of cloud services by enterprises and the expansion of AWS's global footprint. Advertising Revenue : Amazon's advertising business is forecasted to experience strong growth in Q1 2024, fuelled by the growing adoption of its advertising solutions by brands and sellers on its platform. Analysts expect that advertising revenues will surpass $10 billion for the quarter, reflecting a significant increase from the previous year. AI : Amazon's ongoing investments in innovation and technology, including AI and machine learning, are expected to drive future growth. The company's focus on enhancing customer experience through initiatives such as custom generative AI chips is anticipated to strengthen its competitive position and drive long-term value for shareholders. CEO Commentary and Strategic Outlook Investors will closely monitor CEO Andy Jassy's commentary on Amazon's strategic priorities and outlook for the future. Jassy's insights into Amazon's expansion plans, investments in infrastructure and technology, and efforts to drive innovation will provide valuable insights into the company's long-term growth prospects and positioning in the competitive landscape. Key Levels: Bullish Reversal Pattern Emerges Ahead of Earnings Amazon's share price has surged more than 20% year-to-date, underscoring the market's bullish sentiment and high expectations heading into the upcoming earnings report. Recent price action has delineated several key levels that traders should monitor closely leading up to the Q1 earnings release: Bullish Abandoned Baby Variation: Last week, Amazon's price action formed a variation of the bullish abandoned baby candle pattern. This pattern occurs when the shares gap lower but subsequently gap higher in the following session, creating an abandoned candle. While the abandoned candle in this variation is larger than usual, its significance remains noteworthy. The lows of the abandoned candle serve as significant support levels, providing key reference points for traders post-earnings. Monday's High: During Monday's trading session, Amazon's shares experienced a gap higher, followed by a close at the top end of Friday's range. This development establishes a minor inflection point for traders to monitor, signalling potential bullish momentum leading into the earnings announcement. April High: The highs achieved in April represent a crucial resistance level that may come into play should Amazon's share price test these levels post-earnings. Traders should be attentive to any price action around this level, as a breakout could signal further bullish momentum, while a rejection may indicate potential consolidation or a reversal. AMZN Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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by Capitalcom
Honestly, I may sound crazy - But AMZN possibly $215 before MayBased on my sources and inputs, as well as supporting price action and Volume Price Analysis, i have concluded that while everything else pumps in the bull case, AMZN may be a larger force in a breakout. As per Richard Wycoff, longer consolidation means a larger implied move. AMZN has retested MAs and shown support outside boxes. This thing is primed. Let's see what happens NFA - Only opinion. Big moves happen so manage your risk and safe.
NLong
by sully357
8
AMZN Ascending Wedge TestAMZN sold off along with most stocks after it broke below a major ascending wedge it had been forming for months. It has already failed once on a retest of this level and tried again today. It looked good to reclaim the wedge, but ultimately sold off and closed nearly right on the trendline. This will be a critical area to watch. I would normally always expect this to fail here, but I'm waiting on some more confirmation from ES and NQ before trying to short anything right now.
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by AdvancedPlays
Even AMZN may struggle at 2021 HighsNASDAQ:AMZN rebounded off a gap up support level which implies that this is where fundamentals are likely to be. The stock's price shows resilience and no HFT interference for now, even after the Q1 earnings report after market yesterday. Amazon has more than just its retail consumer and small business products. It has AWS with AI integrated to help the small businesses that sell via AMZN. AMZN weekly chart shows that the highs of this month ran into the 2021 all-time highs. Note the negative divergence between the price trend and the Accumulation/Distribution indicator line, indicating a lack of buyers at that high. This resistance level is likely to take another quarter or more to overcome unless there is a big surprise. This goes for all companies, not just AMZN.
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by MarthaStokesCMT-TechniTrader
Amazon delivers results for the first quarterAmazon announced its earnings for the first quarter of 2024 yesterday after the closing bell. The company reported net sales worth $143.3 billion, marking a 13% YoY increase, and net income of $10.4 billion, up 225% YoY. Operating income rose to $15.3 billion, representing a growth of 218% YoY, with the AWS segment contributing $9.4 billion to the figure and accounting for 62% of the total operating income. In addition, the company’s operating cash flow increased by 82% to $99.1 billion for the trailing twelve months, compared with $54.3 billion for the trailing twelve months ended by 31st March 2023. These results topped the estimates, and the company’s shares slightly soared in the aftermarket. Net sales = $143.3 billion (13% YoY) vs. $127.4 billion in 1Q23 Net income = $10.4 billion (225% YoY) vs. $3.2 billion in 1Q23 Operating income = $15.3 billion (218% YoY) vs. $4.8 billion in 1Q23 Additional information: Amazon sales in North America rose by 12% YoY. International sales grew 9.6% YoY. Sales within the AWS segment increased by 17% YoY. Sales within Amazon’s advertisement unit grew by 24% YoY. Forward guidance Net sales for the second quarter of 2024 are expected to fall between $144 billion and $149 billion, representing a growth between 7% and 11% compared with the second quarter of 2023. Operating income is expected to be between $10 billion and $14 billion, compared with $7.7 billion in the second quarter of 2023. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
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by Tradersweekly
Amazon Surges on Earnings Beat Despite Cloud Growth ConcernsIn a whirlwind of earnings reports, Amazon.com ( NASDAQ:AMZN ) managed to dazzle investors with a stellar performance in the first quarter, even as concerns linger over its cloud-computing growth trajectory. The e-commerce giant reported a 13% surge in first-quarter sales, reaching $143.3 billion, surpassing Wall Street's expectations. Bolstered by strong demand across its various segments, Amazon ( NASDAQ:AMZN ) saw its shares climb as much as 6% in after-hours trading, though settling at a 3% gain following a 3.3% decline in the regular session. However, Amazon's second-quarter revenue forecast fell below analyst expectations, signaling caution amid anticipations of subdued spending on cloud-computing services by cost-conscious businesses. Despite Amazon Web Services (AWS) posting a commendable 17% rise in revenue to $25.0 billion, concerns linger over its growth rate compared to competitors like Microsoft and Alphabet. CEO Andy Jassy remains optimistic, citing a resurgence in companies' infrastructure modernization efforts and the appeal of AWS's AI capabilities, propelling AWS's growth rate forward. Jassy boldly predicts AWS's trajectory toward achieving $100 billion in annual sales, underscoring the company's commitment to innovation and market leadership. Amazon's first-quarter net income more than tripled to $10.4 billion, significantly surpassing analysts' expectations and reflecting the company's ability to capitalize on shifting consumer behaviors and economic trends. However, despite this impressive performance, Amazon diverges from its Big Tech peers by bucking the trend of announcing a dividend, a move celebrated by investors in rival companies like Alphabet and Meta Platforms. The decision to forgo a dividend announcement underscores Amazon's focus on reinvestment and future growth opportunities, with CEO Andy Jassy prioritizing innovation and expansion over short-term investor gratification. As one of the few tech giants not offering dividends, Amazon continues to chart its course by maintaining a steadfast commitment to its long-term vision. Despite challenges and fluctuations in employment figures, Amazon ( NASDAQ:AMZN ) remains a powerhouse, with 1.52 million employees and a resilient stock performance, outpacing the broader market in 2024. While uncertainties loom, Amazon's relentless pursuit of innovation and market dominance positions it as a force to be reckoned with in the ever-evolving landscape of e-commerce and technology. As the company navigates the complexities of the global economy and competitive pressures, Amazon's resilience and adaptability continue to inspire confidence among investors and analysts alike, cementing its status as a cornerstone of the modern digital economy.
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by DEXWireNews
1