pool adsAmazon.com $AMZN Technical Update
The Amazon.com (NASDAQ: AMZN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AMZN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 1833.83 | 1834.86 | 1421.57 |
| P2 | 1859.35 | 1944.27 | 1740.24 |
| P3 | 1893.45 | 2050.47 | 2042.16 |
Support and Resistance Plot Chart for AMZN
Long Term Trading Plans for AMZN
May 23, 2019, 6:00 am ET
The Technical Summary and Trading Plans for AMZN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AMZN Report.
AMZN - (Long) Support Plan
The technical summary data tells us to buy AMZN near 1740.24 with an upside target of 2042.16. This data also tells us to set a stop loss @ 1739.98 to protect against excessive loss in case the stock begins to move against the trade. 1740.24 is the first level of support below 1859.68 , and by rule, any test of support is a buy signal. In this case, support 1740.24 is being tested, a buy signal would exist.
AMZN - (Short) Resistance Plan
The technical summary data is suggesting a short of AMZN as it gets near 2042.16 with a downside target of 1740.24. We should have a stop loss in place at 2042.42 though. 2042.16 is the first level of resistance above 1859.68, and by rule, any test of resistance is a short signal. In this case, if resistance 2042.16 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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