Amazon is in a declining trend in the time the chart shows.
The stock had support around 100 and the second support is around 85.
There is a breaks down by 5% compared to support around 100 and one REC, with increased volume. The object goes to about 80.
Volume balances are negative 3 months back and On Balance Volume is falling.
RSI(7) is 16, RSI(14) 26 and RSI(21) 32 and decreasing. According to classical technical analysis, the stock is oversold at least in the short term.
The sum of Oscillators and Moving Averages stands one day on sell and one week on strong sell and one month on sell.
Consider the stock technically negative in the medium term.
Note here it is a technical analysis, but fundamental analysts predominantly have a positive view of the stock. There are indications that markets are overreacting to Q3.
Remember you need do your own research and assessment before buying and selling.
Disclaimer I have a position in the stock.
Sources: Trading View
The stock had support around 100 and the second support is around 85.
There is a breaks down by 5% compared to support around 100 and one REC, with increased volume. The object goes to about 80.
Volume balances are negative 3 months back and On Balance Volume is falling.
RSI(7) is 16, RSI(14) 26 and RSI(21) 32 and decreasing. According to classical technical analysis, the stock is oversold at least in the short term.
The sum of Oscillators and Moving Averages stands one day on sell and one week on strong sell and one month on sell.
Consider the stock technically negative in the medium term.
Note here it is a technical analysis, but fundamental analysts predominantly have a positive view of the stock. There are indications that markets are overreacting to Q3.
Remember you need do your own research and assessment before buying and selling.
Disclaimer I have a position in the stock.
Sources: Trading View