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The Amazon stock price gained 0.479% on the last trading day (Thursday, 29th May 2025), rising from $204.72 to $205.70. During the last trading day the stock fluctuated 2.24% from a day low at $204.24 to a day high of $208.81. The price has been going up and down for this period, and there has been a -2.16% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 34 million shares were bought and sold for approximately $7.05 billion.
On May 06, 2025, it was reported that UBS gave AMZN a "Buy" grade with a "hold" action.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $211.84 will give a strong buy signal and a trend shift could be expected.Given the current horizontal trend, you can expect Amazon stock with a 90% probability to be traded between $170.60 and $214.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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 $203.67 and $192.01. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 13, 2025, and so far it has fallen -2.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
On the downside, the stock finds support just below today's level from accumulated volume at $191.10 and $175.26.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amazon finds support just below today's level at $191.10. If this is broken, then the next support from accumulated volume will be at $175.26 and $171.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.57 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 2.22%.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Amazon stock to perform well in the short-term period.
Check full Amazon forecast and analysis here.