tradethepoolpool ads

Amazon.com (AMZN) Trading Report

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Amazon.com (NASDAQ: AMZN) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMZN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMZN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMZN too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for AMZN
  • Buy AMZN slightly over 3226.36 target 3399.11 stop loss @ 3217.04 Details
  • The technical summary data tells us to buy AMZN near 3226.36 with an upside target of 3399.11. This data also tells us to set a stop loss @ 3217.04 to protect against excessive loss in case the stock begins to move against the trade. 3226.36 is the first level of support below 3241.96 , and by rule, any test of support is a buy signal. In this case, support 3226.36 would be being tested, so a buy signal would exist.

  • Short AMZN under 3399.11, target 3226.36, stop loss @ 3408.93 Details
  • The technical summary data is suggesting a short of AMZN as it gets near 3399.11 with a downside target of 3226.36. We should have a stop loss in place at 3408.93though. 3399.11 is the first level of resistance above 3241.96, and by rule, any test of resistance is a short signal. In this case, if resistance 3399.11 is being tested, so a short signal would exist.

Swing Trading Plans for AMZN
  • Buy AMZN slightly over 3287.51, target 3399.11, Stop Loss @ 3278.02 Details
  • If 3287.51 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 3287.51, with an upside target of 3399.11. The data also tells us to set a stop loss @ 3278.02 in case the stock turns against the trade. 3287.51 is the first level of resistance above 3241.96, and by rule, any break above resistance is a buy signal. In this case, 3287.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AMZN near 3287.51, target 3230.92, Stop Loss @ 3297. Details
  • The technical summary data is suggesting a short of AMZN if it tests 3287.51 with a downside target of 3230.92. We should have a stop loss in place at 3297 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 3287.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMZN
  • Buy AMZN slightly over 3265.52, target 3287.51, Stop Loss @ 3257.9 Details
  • If 3265.52 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 3265.52, with an upside target of 3287.51. The data also tells us to set a stop loss @ 3257.9 in case the stock turns against the trade. 3265.52 is the first level of resistance above 3241.96, and by rule, any break above resistance is a buy signal. In this case, 3265.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AMZN near 3265.52, target 3230.92, Stop Loss @ 3273.14. Details
  • The technical summary data is suggesting a short of AMZN if it tests 3265.52 with a downside target of 3230.92. We should have a stop loss in place at 3273.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 3265.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AMZN Ratings for August 17:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 0 0 3226.36
P2 3224.87 3230.92 3399.11
P3 3265.52 3287.51 3588.44
Triggers may have already come
Support and Resistance Plot Chart for AMZN

AMZN Long Term Analysis for August 17 2021

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial