Amazon stock price ended on $97.18 on Wednesday after gaining 0.89%

The Amazon stock price gained 0.89% on the last trading day (Wednesday, 25th Jan 2023), rising from $96.32 to $97.18. During the last trading day the stock fluctuated 6.25% from a day low at $91.52 to a day high of $97.24. The price has risen in 6 of the last 10 days and is up by 8.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 million more shares were traded than the day before. In total, 93 million shares were bought and sold for approximately $9.04 billion.

The last rating was given by Goldman Sachs on Jan 13, 2023. The price target was changed from 165 to 145.Over the last 90 days, this security got 3 buy, 28 sell, and 0 hold ratings.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -7.33% during the next 3 months and, with a 90% probability hold a price between $73.50 and $99.33 at the end of this 3-month period.

Mostly positive signals in the chart today. The Amazon stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $96.21 and $89.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 28, 2022, and so far it has risen 18.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Amazon finds support from accumulated volume at $96.79 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 $5.72 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 3.53%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.