>>> Join us to access robo analyses for over 16,000+ stocks! <<<
“On a long-term technical basis, the stock (AMZN) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 1889.87 suggesting the next support level is at 1823.75. This weakness suggests the long-term trend is turning neutral.
The stock has support at 1823.75 and 1709.43. If the stock breaks down through support at 1823.75 then it will probably continue lower to 1709.43. The stock will meet resistance at 1872.42 and 2035.80. If the stock breaks up through resistance at 1872.42 then it will probably continue higher to 2035.80. The 200-day moving average is at 1763.64. This will also act as support. The stock is neutral according to the Stochastic Indicator (62.69).”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<