(Last Updated January 18, 2021)
Hello! This is the news page for Amazon Com Inc. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Perhaps the most noteworthy trend we’re seeing on AMZN is at the 14 day level, where a clear downtrend is apparent.
Nuances in the trend on AMZN can be understood by observing the behavior of its moving averages. The 50 and 200 day averages suggest a bullish trend, as they are pointing upwards, while the 20 and 100 day averages are pointing downward, suggesting a bearish trend on those timeframes.
Below is a chart showing AMZN’s price with its moving averages.
Also of note is that on the 30 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
The change in price came along side change in volume that was down 7.91% from previous day, but up 14.26% from the tuesday of last week.
The dow jones transportation average — a proxy for economic activity — also hit an all-time high, while the russell 2000 index of small caps extended a three-day advance to almost 8%.
The price move occurred on volume that was down 41.48% from the day prior, but up 25.26% from the same day the week before.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 44.02% from the day prior, and up 78.82% from the same day the week before.
This move happened on lower volume, as yesterday’s volume was down 10.71% from the day before — and down 25.32% from the same day the week before.
The change in price came along side change in volume that was down 16.53% from previous day, but up 36.62% from the tuesday of last week.
This move happened on lower volume, as yesterday’s volume was down 29.59% from the day before — and down 56.34% from the same day the week before.
Tesla was by far the largest addition ever to the s&p 500, causing a trading avalanche in the run-up to its entry.