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Amazon stock price ended on $2518.57 on Wednesday after gaining 1.35%

StockInvest.us, 4 months ago


The Amazon stock price gained 1.35% on the last trading day (Wednesday, 4th May 2022), rising from $2485.07 to $2518.57. During the day the stock fluctuated 5.72% from a day low at $2383.66 to a day high of $2520.00. The price has fallen in 6 of the last 10 days and is down by -18.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $14.17 billion.

The last rating was given by Stifel on Apr 29, 2022. The price target was changed from 2485.63 to 14.05.Over the last 90 days, this security got 5 buy, 22 sell, and 0 hold ratings.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2481.14 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -6.69% during the next 3 months and, with a 90% probability hold a price between $2315.16 and $3068.16 at the end of this 3-month period.


A buy signal was issued from a pivot bottom point on Tuesday, May 03, 2022, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amazon stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2631.77 and $3062.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Amazon finds support from accumulated volume at $2490.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $136.34 between high and low, or 5.72%. For the last week, the stock has had a daily average volatility of 5.07%.

Amazon holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Check full Amazon forecast and analysis here.