- Amazon.com, Inc. is an American multinational e-commerce company focusing on e-commerce, artificial intelligence, cloud computing, digital streaming, online advertising, and online payment solutions.
- It was founded on 5th July 1995 by Jeff Bezos. The stock of the company is listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).
- In this article, we will analyze the stock price of AMZN.
AMZN stock overall is in an uptrend and is up by 153K time from the date at which it got listed on the stock exchange. AMZN stock is good for long term investment.
However, the stock is also up by 41.52% in the past 5 years. The stock is performing extremely well in the market.
Moreover, the stock is up by 7.73% in the monthly time frame. We will analyse the stock through technical analysis.
Technical Analysis of AMZN(Yearly)
In the yearly time frame the stock is in uptrend. It is up by 153k times from the price at which it got listed. The stock is very much suitable for long term investment.
As we can see in the image the stock just made its all time high. The chances of high return are possible as the stock is in continuous uptrend.
This pattern is basically known as bullish harami which indicates that the bear trend is about to reverse and the stock will again continue its up movement. The stock is very good for long term investment as it may again continue its uptrend.
Technical Analysis of AMZN(Monthly)
In the monthly time frame the stock is in uptrend and the stock is not able to break its resistance level. The all-time high has occurred 2-3 times. The stock overall is good for investment purposes.
The stock is up by 49.92% in the last 6 months. The correction or the retracement is necessary for every stock. In all time frame the stock is positive in terms of returns.
This pattern indicates that the stock can continue its up movement. The pattern appeared continuously on the chart. The stock took support from the trend line and is continuously in uptrend.
Technical Analysis of AMZN(Weekly)
The stock may continue its uptrend as it can take support from the up trend line. The stock is good for short term,mid term or long term investment. Overall the stock is in uptrend.
Technical Analysis of AMZN(Daily)
Today the stock is up by 0.8% in the market. The stock near current market price is in uptrend but overall it is in a sideways position as it has been trading in the range between the support level and the resistance level. The stock is good for intraday traders.
Levels
Resistance Level- $185.54 and $176.08
Support Level- $83.85 and 126.97
Summary
AMZN stock overall is uptrend and a good watch for investment in the future. The stock is performing extremely well and constantly in uptrend. In all time frames the stock is in uptrend.
Disclaimer
The analysis is done for providing information through technical analysis and no investment suggestions are given in the article to be made by investors.
