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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 11:33:00 EST
Amazon.com Inc (AMZN)
Industry: Internet Retail
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, AMZN has been trading in a range between $197.85 and $182.81 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
AMZN is breaking above top of the recent 20 day range at $197.85 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Amazon.com Inc $AMZN entered a Green zone 14 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $160.61, a potential down side of -19.7% from the recent price of 200.00. The stock is trading 0.28% (potential upside) below its 52 week high of $200.55 and 68.99 % (potential downside) above its 52 week low of $118.35 - based on the recent price.
Company Summary
Amazoncom, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
News
| Wall Street Favors These Four ETFs With Stellar Ratings When it comes to investing, individual exchange-traded funds (ETFs) aren't a one-size-fits-all financial vehicle as there are plenty of funds to choose from and the number of long-term possibilities in the ETF market continues to grow year-over-year. Source: 24/7 Wall Street Mon, 08 Jul 2024 09:46:21 -0400 Sentiment: Positive |
| What Makes These 7 Stocks Magnificent? Coined by Bank of America's chief investment strategist Michael Hartnett, the Magnificent 7 is a group of seven technology companies known for their significant market capitalization and impact on global markets. The Magnificent 7 currently includes e-commerce giants Amazon.com and Alphabet, consumer tech providers Apple and Microsoft, EV leader Tesla, semiconductor manufacturer NVIDIA, and social media powerhouse Meta. Source: MarketBeat Mon, 08 Jul 2024 09:02:10 -0400 Sentiment: Positive |
| MORE THAN 40% OF AMERICANS EXPECTED TO SHOP AMAZON PRIME DAY 2024, NUMERATOR REPORTS New Retail Sales Analysis Shows Amazon Dominating July Events; Target and Walmart See Double Digit Boosts in October Events New Retail Sales Analysis Shows Amazon Dominating July Events; Target and Walmart See Double Digit Boosts in October Events Source: GlobeNewsWire Mon, 08 Jul 2024 09:00:00 -0400 Sentiment: Neutral |
| Kolmar Korea Teams Up with Amazon to Support Global Expansion of K-beauty Companies SEOUL, South Korea--(BUSINESS WIRE)-- #Amazon--Kolmar Korea joins forces with Amazon to support the successful global market entry of K-beauty brands. Source: Business Wire Mon, 08 Jul 2024 09:00:00 -0400 Sentiment: Neutral |
| Get Up to 30% off on Amazon's Best-Selling Lip Butter, CNP Propolis Lipcerin™ SEOUL, South Korea , July 8, 2024 /PRNewswire/ -- Korean skincare brand CNP Laboratory, founded by dermatologists from Cha and Park Dermatology, is garnering attention on Amazon in the United States. With interest in Korean skincare surging recently, CNP's flagship lip mask product, Propolis Lipcerin™, has gone viral on TikTok, leading to its launch on the US Amazon market. Source: PRNewsWire Mon, 08 Jul 2024 06:03:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 200.55 52 Week Low: 118.35 Beta: 1.155 50 Day MA: 185.3622 200 Day MA: 162.7472 Earnings / Revenue Trends Qtr Earnings Growth YOY: 2.167 Qtr Revenue Growth YOY: 0.125 Forward PE: 40 Trailing PE: 55.8659