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AMZN trade ideas

Amazon JungleWas waiting to see if the blue curve holds in this project in order to decide to post these simulated projections that take into account potential pivot points, reversals, or zones for support/resistance and BREAKOUTS... in either direction, even though I am slightly bullish biased on this one. I have this scenario in mind where this could find support somewhere at the white or continuing on the blue or towards the red for a more decisive push in case the Earnings don't upset the whole harmony in this picture. If everything goes to pieces will be having an eye for the possibility of the blue curve becoming resistance with a retest. Other lower probability scenarios are some impact zones around the green and purple rectangles. If the prices reaches the top curves it would be only as a reference to see the price action around them for potential validation of the simulation.
NASDAQ:AMZN
by nen
1
Earnings Expectation For July 30th Investors, mark your calendars! A mix of high-profile companies are set to report their quarterly results today. Let's take a quick dive into what's expected: Apple (AAPL 🍏) The tech giant is anticipated to report an EPS of 1.20 and a revenue of 88.90B. With a historical beat rate of 80%, can Apple continue to exceed market expectations? Microsoft (MSFT 🖥️) Expected to post an EPS of 2.35 and a revenue of 56.60B, all eyes are on Microsoft as they hold an impressive 85% beat rate. Will they keep up the momentum? Amazon (AMZN 📦) Amazon is set to announce an EPS of 0.52 and a revenue of 110.20B. With a beat rate of 75%, investors are keen to see if Amazon can surpass these forecasts. Alphabet (GOOGL 🌐) The search engine leader is projected to deliver an EPS of 1.50 and a revenue of 63.50B. Holding a 78% beat rate, will Alphabet hit the mark? 🔍 As these giants reveal their financial health, it's not just about the numbers but also the story they tell about the consumer market and economic trends. Keep your portfolios ready for any surprises! #EarningsSeason #StockMarket #InvestmentInsights
NASDAQ:AMZN
by WallSt007
AMZN - LONGSupport and down leg breakout with what looks like selling climax. $195+ target soon. The expectation for Amazon's next earnings report, scheduled for August 1, 2024, is generally bullish. Analysts anticipate significant year-over-year increases in both revenue and profit. The consensus estimate for earnings per share (EPS) is around $1.06, compared to $0.84 in the previous quarter. Revenue is expected to rise to approximately $166.19 billion, up from $142.63 billion in the same quarter last year. Several factors contribute to this optimistic outlook. Amazon's advertising business is projected to grow substantially, with analysts forecasting a 24.5% increase in advertising revenue for the first quarter and continued growth throughout the year. Additionally, the company's advancements in AI and the rollout of ads on Prime Video are seen as key drivers for future growth. Overall, the sentiment among analysts is positive, with expectations of robust financial performance driven by strong growth in various business segments.
NASDAQ:AMZNLong
by SPYDERMARKET
Analysis of AMZN Stock: Price at 1.5-Month LowAnalysis of AMZN Stock: Price at 1.5-Month Low As shown in the AMZN chart, the stock price dropped below: → the psychological level of $180; → the mid-June interim low. The last time AMZN traded below $180 was in early June. Thus, AMZN has faced sell-offs, similar to other tech stocks whose charts we've published this week. A widely mentioned reason for the sell-offs is investor rotation, moving capital from overbought tech stocks to shares in other sectors. Will AMZN's price drop further? Fundamentally, bulls might find hope in speculation that: → the company might start paying dividends. Rumours suggest the company has accumulated $100 billion in cash; → Amazon in Austin, Texas, is developing its own AI chip to compete with Nvidia. Technical analysis of the AMZN stock chart also provides reasons to expect a recovery (at least in the short term): → The price is near the lower boundary of an ascending channel that has been in place in 2024, which may act as support. → The false breach of the $180 psychological level could also support the price by altering the supply-demand balance. → Below yesterday's low is the $175 level, which has repeatedly shown support in 2024, as indicated by arrows. A bounce from these supports could provide valuable insights into the bulls' aggressiveness. Meanwhile, forecasts are optimistic. According to TipRanks, all 44 Wall Street analysts recommend buying AMZN stock, with an average price target of $224.60 (nearly +25% from current levels) within 12 months, surpassing the current high around the psychological level of $200. Note that analysts' opinions may change after the Q2 earnings report, scheduled for August 1. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZN
by FXOpen
2
AMZN is at weekly and daily demand zones.NASDAQ:AMZN is at key weekly and daily demand zones which have held up for the past several months. The daily 100 EMA and weekly 20 EMA have served as strong demand zones on this entire move higher after last earnings season, and we have been swinging the stock long from these levels in the $170s, before scaling out at $190 and $200 targets. This dip into $182 is a great level to reload equity that was sold into targets for a potential move back to highs. The trade will be invalidated if it builds below these levels; however, entry here provides favorable reward-to-risk ratio.
NASDAQ:AMZNLong
by DMT_Doctor
4