AMZN: Buy ideaBuy idea on AMZN as you can see on the chart if only if we have the breakout with force the vwap and the resistance line by a big green candle.
AMZ trade ideas
AMAZON SHORT FROM RESISTANCE|
✅AMAZON is set to retest a
Strong resistance level above at 191.75$
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 184.00$
SHORT🔥
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Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves.
Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows.
So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
Amazon Increases Wages, Adds Free Prime Perk Amid Stock SurgeAmazon (NASDAQ: NASDAQ:AMZN ) recently announced a series of moves aimed at benefiting its U.S. warehouse and transportation workers, while also preparing for the crucial holiday season. The e-commerce giant is boosting its average hourly wage for warehouse employees to over $22 per hour, up from around $20.50, in response to labor demands and to improve worker retention. In addition to wage increases, Amazon will introduce a free Prime membership as part of employee benefits starting early next year. Prime, which costs $140 annually, offers services such as expedited shipping and access to a vast library of video content, among other perks.
This pay raise comes on the heels of Amazon’s announcement last week that it would also increase wages for contracted delivery drivers, lifting pay to around $22 per hour. Amazon has committed to investing $2.1 billion into its third-party logistics program this year, underscoring the company’s efforts to remain competitive in a tight labor market.
Overview
The timing of Amazon’s wage hikes is strategic. With the company’s annual Prime Day-like sales event set for October 8-9, and the peak holiday shopping season approaching, Amazon is positioning itself to attract and retain workers who are crucial for managing the influx of online orders. By enhancing its employee package, Amazon not only addresses internal pressures for better working conditions but also boosts employee morale, potentially improving productivity during its busiest period.
Amazon's decision to offer free Prime memberships to employees is a notable move as it seeks to enhance its benefits package. Prime has long been one of Amazon’s key revenue drivers, with over 200 million paying subscribers worldwide. The inclusion of Prime for employees further aligns Amazon’s workforce with its services, fostering loyalty and reducing employee turnover.
However, this decision comes amid growing pressure from labor unions. In June, the Amazon Labor Union—the first organized labor group at a U.S. Amazon warehouse—voted to affiliate with the International Brotherhood of Teamsters, signaling a strong push for improved contracts and conditions. While Amazon has resisted widespread unionization, the wage hikes and enhanced perks appear to be part of its strategy to appease workers without succumbing fully to union demands.
Technical Outlook
On the technical front, Amazon’s stock is currently trading up 1% and showing promising signs of bullish momentum. The stock's relative strength index (RSI) stands at 59, which suggests the stock is nearing a cooling-off period, yet remains in a solid position for further upward movement. Over the past few weeks, NASDAQ:AMZN has broken free from what appeared to be a declining trend pattern, potentially signaling a reversal into bullish territory.
The recent wage hike news, coupled with the interest rate cuts announced by Jerome Powell, has likely fueled investor optimism. The rate cut eases borrowing costs, making it more favorable for businesses like Amazon to maintain operational liquidity, especially when expanding their workforce or investing in logistics infrastructure. This dovetails with the company’s preparation for the upcoming Prime event and holiday shopping season.
If Amazon (NASDAQ: NASDAQ:AMZN ) continues its upward trajectory, the stock could breach higher resistance levels in the short term. The current RSI suggests that the stock isn’t overbought, and with positive sentiment around the company’s proactive approach to labor issues, NASDAQ:AMZN is well-positioned for continued gains. However, investors should keep an eye on broader market trends and any developments around labor union activities, which could impact Amazon’s cost structure moving forward.
Conclusion
Amazon's wage hikes and the introduction of free Prime memberships come at a pivotal moment for the company, as it ramps up for its busiest period of the year. These moves strengthen the company’s labor force and provide a buffer against union pressures. Technically, the stock appears poised for further growth, with the RSI indicating room for more upward movement, especially in light of favorable macroeconomic factors like the Fed’s recent interest rate cuts.
Amazon is making bold moves to maintain its leadership in e-commerce while addressing internal and external pressures, setting the stage for a potentially strong performance in both the labor market and on the stock charts as we move closer to the holiday season.
Amazon (AMZN): Swing Trade & Chart Analysis UpdateTwo months ago, we anticipated a pullback to wave (2), and after a brief pump, we saw an immediate sell-off. The fascinating part? Amazon dropped 25% and reversed almost perfectly on the long-held trendline, which hasn’t been adjusted. It's incredible how simple technicals can sometimes work so well.
We've now pushed back into the $183-190 range. This could be a relief pump, likely short-lived. While we aren’t ruling out a rise above the current wave (1), we’re leaning toward a flat correction, as wave A was fast. If correct, we should turn soon and continue downward with a 5-wave structure into the 50-78.6% Fibonacci retracement target area.
No limit orders yet, but we're setting alerts to better time our entry. 🔥
AMZN, long, Entry: 188.70, Stop: 187, Timeframe: 1h**Trade Type:** long
**Ticker:** AMZN
**Entry Price:** 188.70
**Stop Loss:** 187
**Take Profit 1:** 190.80
**Take Profit 2:** 192.55
**Risk/Reward Ratio:** 2.11
**Timeframe:** 1h
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
AMZN Stock Surge: A Strong Investment Opportunity🚀 **Amazon (AMZN) on the Rise!**
Recently, Amazon's stock has experienced a notable increase, and there are several reasons why this could be an excellent investment opportunity at this moment.
🔍 **Key Factors Driving the Surge:**
1. **Strong Earnings Report:** Amazon's latest earnings exceeded analysts' expectations, showcasing robust growth in both its e-commerce and cloud computing segments. This positive performance has boosted investor confidence.
2. **Expansion in Cloud Services:** Amazon Web Services (AWS) continues to dominate the cloud market, with increasing demand for cloud solutions. As businesses continue to shift to digital platforms, AWS is well-positioned for sustained growth.
3. **E-commerce Resilience:** Despite economic uncertainties, Amazon's e-commerce platform remains resilient. The company’s focus on enhancing customer experience and expanding its logistics network is likely to drive further sales growth.
4. **Innovative Initiatives:** Amazon's investments in AI, logistics, and new technologies are paving the way for future growth. The company's commitment to innovation positions it well for long-term success.
📈 **Technical Analysis:**
- **Bullish Momentum:** The recent price action shows strong bullish momentum, with AMZN breaking through key resistance levels. This could indicate further upside potential.
- **Support Levels:** Watch for potential pullbacks to established support levels, which could provide attractive entry points for new investors.
💬 **Conclusion:**
With its strong fundamentals, innovative strategies, and positive market sentiment, AMZN presents a compelling investment opportunity. As always, investors should conduct their
research and consider their risk tolerance before making any investment decisions.
What are your thoughts on AMZN's recent performance? Are you considering adding it to your portfolio?
Buy Trade Idea for Amazon (AMZN)Description
Amazon (AMZN) continues to be a dominant force in the global e-commerce and cloud computing industries, supported by strong financials and growth potential. Key fundamentals driving a buy opportunity include:
- ** Market Leadership :**
Amazon maintains its position as a global leader in e-commerce, with an expanding logistics network and consistent growth in online retail sales. This market dominance offers long-term revenue growth potential.
- **AWS Growth:** Amazon Web Services (AWS) continues to be a significant driver of profits, with consistent double-digit growth in cloud services. AWS's profitability adds a strong revenue stream to the company’s already diversified portfolio.
- ** Diversified Revenue Streams :**
Beyond e-commerce and cloud computing, Amazon is expanding into new sectors such as digital advertising, media, and healthcare, which positions the company for continued growth in various industries.
- ** Robust Financial Performance :**
Amazon has consistently posted strong revenue and earnings growth, even during periods of economic uncertainty, showing its resilience and adaptability in the face of challenges.
With these strong fundamentals and Amazon’s continuous innovation, a buy trade on AMZN stock presents a compelling opportunity for long-term growth.
Disclaimer
Investing in stocks involves risk, including the potential loss of principal. The information provided here is for educational purposes only and should not be considered financial advice. Stock prices can fluctuate based on various factors, including market conditions, company performance, and economic events. Always conduct your own research, consider your risk tolerance, and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Amazon (AMZN) is INPLAY Today on September 12, 2024Amazon (AMZN) is showing bullish momentum today, up around 2.77% in premarket trading. This positive movement follows the announcement of a $10.5 billion investment plan by Amazon to expand its U.K. data centers over the next five years, focusing on cloud infrastructure and AI technology. This news has strengthened market sentiment around Amazon's long-term growth prospects, especially its AWS division.
From a technical perspective, AMZN is trading near a key resistance level at around $185. The price is currently above both the 15 and 161 EMA, reflecting a strong upward trend. Additionally, a visible volume profile shows significant accumulation in the $177-$180 range, indicating a strong support zone. If AMZN breaks through the $185 resistance with strong volume, it could continue its upward movement.
However, traders should also consider today's CPI data release, as broader market sentiment can be influenced by inflation reports, particularly in tech stocks like AMZN. Watching for a clean breakout above $185 with increasing volume could provide a solid trading opportunity. A pullback to $177-$180 could also be a potential entry point if support holds.
AMAZON: Crossed over the 1D MA50, best buy trigger you can getAmazon crossed today over the 1D MA50 for the first time since August 1st and effectively validated the buy signal that was triggered on August 5th at the bottom of the Channel Up. The 1D technical outlook just got over neutral grounds (RSI = 56.780, MACD = 0.060, ADX = 15.410) so being slightly bullish along with the 1D MA50 cross, is the best buy trigger you can get.
The MACD pattern is almost the same as on every Channel Up bottom. The rallies that started on those bottoms printed +62.30% and +64.82% rises. We are targeting at another +62.30% rise (TP = 245.00).
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levels to manage risks in trading $AMZN back to its previous ATHcopy & paste from the most recent Morgan Stanley's notes:
3 Reasons Capturing Consumables/Everyday Essentials Is Important:
1) Consumables/Essentials Make Up $1.6trln of US Offline Spend…Set to Drive ~45% of Incremental E-commerce Growth: We estimate US offline spend on grocery, household products, and personal care is $1.6trln...or ~47% of the remaining ~$3trln of offline US Retail Spend. Capturing a larger share of these dollars is important to AMZN’s long-term growth algorithm and its ability to continue to deliver faster than average retail top-line growth.
2) Consumables Have a Higher "Advertising Attach"...Leading to a Potentially Larger High-Margin Ad Business: We believe consumables have a higher than average “advertising attach” rate (advertising as a percent of GMV) given the long-standing use of advertising to build/expand/defend brands and trade-spend dollars used to drive volumes in offline retailer shelves. As such, the extent to which AMZN's consumables business becomes larger should enable AMZN to build an ever-larger high margin ad business.
3) Daily Habits Create Behavior Change: We have often written about AMZN's efforts to change consumer behavior (less shopping around, more online shoppers starting on AMZN, more repeat behaviors, etc.). Consumables and grocery are higher frequency, habitual purchases...so the extent to which AMZN can capture more of these purchases can drive behavior change and even more repeat long-term purchasing behavior (across all categories).
Title: Analyzing AMZN: Key Levels and Indicators to WatchAs we take a closer look at Amazon (AMZN) on the daily chart, we can see that the stock is currently positioned at the upper boundary of an ascending channel. This upward trend has been a positive sign for investors; however, it’s crucial to monitor potential breakout points.
If AMZN breaks below this channel and also falls below the 200-period Simple Moving Average (SMA), it could signal a significant shift in market structure, indicating a bearish trend. Such a move would suggest that the bullish momentum may be weakening, and a change in sentiment could be on the horizon.
Additionally, the MACD (Moving Average Convergence Divergence) indicator is currently showing bearish momentum. This further reinforces the idea that we should be cautious, as it indicates that sellers may be gaining control.
In summary, keep a close eye on AMZN's price action around these critical levels. A break below the channel and the 200-period SMA, combined with the bearish MACD, could suggest a shift towards a more bearish outlook for the stock. Always consider these technical indicators when making investment decisions.
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