Amazon.com Inc (NASDAQ:AMZN) Stock Technicals Hit Strength
(AMZN Stock Price as of Publication: $850.15)
This is a technical analysis stock rating for Amazon.com Inc (NASDAQ:AMZN) . The company has a four bull technical rating which indicates some strength. The risk here is a potentially overbought situation, but for now, the stock price is moving slightly higher and does have room to rise before it hits an overbought technical rating of five bulls.
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AMZN is up +10.6% over the last three months and up +11.7% over the last six months. The stock price is up +48.3% over the last year. The current stock price is $850.15.
AMZN Stock Returns
Note the stock price at publication ($850.15), since the technical rating is based on intraday stock prices.
Technicals | Support: 845.04 | Resistance: 854.59
Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.
Amazon.com Inc has a four bull (high rated) technical rating because the stock is trading above its 10-, 50-and 200- day simple moving averages and even though the stock is down on the day, the 10 day moving average is above the 50 day moving average (also called a "swing golden cross").
The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.
Amazon.com Inc (NASDAQ:AMZN) rating statistics:
10-day moving average: $850.01
50-day moving average: $823.99
200-day moving average: $779.78