Amazon: broad uptrend, we suggest to watch today closing

Technical chart indicators suggest broad uptrend for Amazon. We suggest to watch today closing.

Amazon, April 10 stock closing price was $907.04 (+1,36%). Marked fifth consecutive positive trading session. Technical chart indicators and studies suggest broad uptrend, so for today trading session the forecast is for further price extensions towards the most significant resistance levels. However, we suggest to watch today closing.

View the interactive chart on

Simple Moving Average (SMA)
Amazon quotes are above the 14 days moving average (SMA value is 877.80). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Amazon daily chart shows a decrease in volumes compared to the previous day. This could be a sign of a significant move to come.

Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 10/04/2017.

Performance: 7 trading days= +2.31% – 15 trading days= +6.95% – 30 trading days= +6.33%

Resistance levels: R1= 910.70 – R2= 914.36 – R3= 923.87
Pivot Point: 904.85
Support levels: S1= 901.19 – S2= 895.34 – S3= 885.83

Buying opportunity above 909.04, targets minor resistance at 920.28 and perhaps as far as strong resistance at 928.17, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 948.22.

Selling opportunity below 901.78, targets minor support at 890.62 and perhaps as far as strong support at 882.91, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 863.32.

Catch the most relevant price trends. Precision Trading with Intraday Stocks and Multiday Stocks. Subscribe Buy/Sell trading signals with entry points level, stop loss and target.

Devi essere loggato per commentare Login