Stock Price Chart of AMZN
Price Prediction of AMZN
Based on the provided data and current market conditions, let me analyze AMZN's price movement and provide a prediction for next week.
Technical Analysis
The stock is currently trading at $224.92, showing an upward trend with key technical indicators:
- RSI at 59.06 indicates neutral momentum, with room for further upside
- Trading above both 20-day MA ($219.04) and 200-day MA ($188.27), confirming bullish trend
- Recent volume spike of 86.9M shares vs 38.7M average suggests strong institutional interest
News Sentiment Analysis Recent key events affecting AMZN:
- Teamsters union strike at Amazon warehouses could potentially impact holiday deliveries and short-term sentiment
- Labor disputes similar to other tech companies like Starbucks indicate broader industry labor challenges
- OpenAI's developments and competition may affect AWS cloud business segment performance
Price Prediction for Next Week Based on technical and fundamental factors:
- Support levels: $219 (20-day MA)
- Resistance levels: $233 (52-week high)
Target price range for next week:
- Bullish scenario (60% probability): $228-233
- Neutral scenario (30% probability): $222-228
- Bearish scenario (10% probability): $218-222
Trading Recommendation BUY with entry around current levels ($224-226) with:
- Initial target: $233
- Stop loss: $218
- Risk/reward ratio: 1:1.75
Rationale:
- Strong technical uptrend
- Positive seasonal factors (post-holiday sales)
- Labor issues likely priced in
- AWS growth potential remains strong
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Markets are inherently risky and past performance does not guarantee future results. Please conduct your own research and consult with a financial advisor before making investment decisions.