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Weaker Hold
Today AMZN ranks #2817 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$3 561.57 (1.63%)

Volume: 3M

Closed: Nov 29, 2021

Hollow Logo Score: -0.415

Amazon Stock Forecast

$3 561.57 (1.63%)

Volume: 3M

Closed: Nov 29, 2021

Score Hollow Logo -0.415
Which way will AMZN go? Request
Stop-loss: $3 386.38 (-4.92%)
Key Stats
P/E Ratio 68.78
Beta 1.07
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold

Green day on Monday for Amazon stock after gaining 1.63%
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-10-28 Gain 3.34%

The Amazon stock price gained 1.63% on the last trading day (Monday, 29th Nov 2021), rising from $3 504.56 to $3 561.57. During the day the stock fluctuated 1.83% from a day low at $3 531.50 to a day high of $3 596.00. The price has risen in 6 of the last 10 days and is up by 1.03% 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, 282 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $11.48 billion.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between $3 384.47 and $3 839.80 at the end of this 3-month period.

Signals & Forecast

The Amazon stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3 595.97. On a fall, the stock will find some support from the long-term average at approximately $3 452.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Thursday, November 18, 2021, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Amazon finds support from accumulated volume at $3 477.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $64.50 between high and low, or 1.83%. For the last week, the stock has had a daily average volatility of 2.89%.

Our recommended stop-loss: $3 386.38 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Is Amazon.com, Inc. stock A Buy?

Amazon holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.415

Predicted Opening Price for Amazon.com, Inc. of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$3 563.02 $3 561.57 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Nov 23, 2021 "Guggenheim" gave "$4,300.00" rating for AMZN. The price target was set to $3,602.73+0.8%.

Volatility and Risk
Daily Average Volatility: 2.89 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.89 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3 572.57
Price: $3 561.57
Support: $3 477.00

AMZN Insider Trading Show all Trades

INSIDER POWER

0.0700

Last 100 transactions
Buy: 8 430 | Sell: 120 385 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 1 250 Jassy Andrew R Restricted Stock Unit Award
Nov 22, 2021 Sell 492 Jassy Andrew R Common Stock, par value $.01 per share
Nov 22, 2021 Sell 190 Clark David H Restricted Stock Unit Award
Nov 22, 2021 Sell 105 Clark David H Common Stock, par value $.01 per share
Nov 21, 2021 Buy 1 250 Jassy Andrew R Common Stock, par value $.01 per share
Show all Insider Trades
INSIDER POWER

0.0700

Last 100 transactions
Buy: 8 430 | Sell: 120 385 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3 627.52 1.85 %
3 602.88 1.16 %
3 587.66 0.73 %
Current price: 3 561.57
Support 3 538.38 -0.65 %
3 523.16 -1.08 %
3 498.52 -1.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3 696.06 3.78 %
3 676.57 3.23 %
3 572.57 0.31 %
Current price 3 561.57
Support 3 477.00 -2.37%
3 409.02 -4.28%
3 372.43 -5.31%

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About Amazon.com, Inc.

Amazon Amazon.com, Inc. engages in the retail sale of consumer products in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments. The company sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazo... Read more

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