Amazon Com Inc (AMZN) Up 0.87%; in an Uptrend Over Past 90 Days

Amazon Com Inc 4 Hour Price Update

Updated August 05, 2020 04:34 PM GMT (12:34 PM EST)

The price of AMZN increased $42.08 (1.34%) over the past four hours. To help put that in perspective, note that Amazon Com Inc’s peers in the in the Retail industry are up 1.18% on average during this time, while its counterparts in the broader Technology sector are down by an average of -0.07%.

Amazon Com Inc Daily Price Recap

The back and forth price flow continues for Amazon Com Inc, which started today off at 3138.83 US dollars, up 0.87% ($26.94) from the day prior. This move happened on lower volume, as yesterday’s volume was down 5.21% from the day before — and down 16.66% from the same day the week before. Here is a daily price chart of Amazon Com Inc.

AMZN

Amazon Com Inc Technical Analysis

Coming into today Amazon Com Inc is now close to its 20 day averages, located at 3080.47 respectively, and thus may be at a key juncture along those timeframes. Volatility for Amazon Com Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Amazon Com Inc’s price has gone up 16 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about AMZN:

    $QQQ $AMZN $AAPL $MSFT $GOOG lolol you crazy belligerent pshycotic hallucinating bored little men. You think this makes you guys ballsy? You're NUTS. Go play blackjack much better odds in the long run. I can't wait until these 30x values BURST and you bulls are never to be heard from again. A third of the country got wiped out, people haven't paid rent in 5 months. and big tech gets its ass kissed on CNBC 247.

    Use your LOGIC. Buffet isn't sitting on CASH and financials for no reason. He called this from the start for what it was: mass uncertainty and risks even his team isn't close to even considering making.

    4thQtrKobe