$ AMZN #Amazon #OnlineShopping #USA #Nasdaq #Stocks #Trading
Quotes: NASDAQ: AMZN
Price: $ 3,004.48
The situation in the United States is much better today than the situation in Japan and Germany. It will take a few years to achieve the same problems that these two countries are facing with declining population. Nonetheless, investors should be aware that if the financial impact of COVID-19 persists, or if we hit another recession in a few years, the Fed has less ammunition to work with and may have to deal with low rates. negative interest. There isn’t much room to go lower, there is a practical limit to going into negative territory.
Today we will probably remain in a low growth environment for a few years. The Fed will continue to use fiscal stimulus, including printing money. Interest rates and inflation will start to rise slightly. It will take a few years to materialize as most of this excess liquidity is expected to remain in the financial system, maintaining downward pressure on rates. In the meantime, there may be more upside potential for growth stocks.
However, as interest rates rise, which I expect at the end of 2022 or 2023, all of a sudden the hot tech stocks will have very expensive valuations relative to interest rates. There is no reason for growth stocks like Google and Apple to trade with +40x P / Es other than a low interest rate environment which has helped them boost both earnings. and valuations.
These high P / E ratios, coupled with higher interest rates, will push their valuations to excessive levels. In fact, I would say we would be heading for another tech bubble burst in a few years. Personally, I avoid (and recommend avoiding) scorching tech stocks. There is simply too much risk involved if interest rates rise unexpectedly.
The state of interest rates is the biggest risk for technology stocks today.
Summary of the activity
Amazon.com, Inc. offers a variety of products and services through its websites.
The Company’s products include merchandise and content that it purchases for resale from suppliers and those offered by third party sellers. It also manufactures and sells electronic devices.
It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include Analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue, and AWS Lake Formation.
AWS solutions include machine learning, data analytics and lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the company provides services, such as advertising.
It also offers Amazon Prime, a membership program that includes free shipping, access to streaming various movies and television (TV) episodes.
Overall, the price bias is: downward.
Note: This chart shows extraordinary price action on the downside.
The projected upper limit is: 3,237.89.
The lower projected limit is: 2,759.86.
The projected closing price is: 2,998.88.
A black body has occurred (because prices closed lower than they opened).
In the last 10 bars, there have been 4 white candles and 6 black candles for a trickle of 2 black candles. In the last 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
Momentum is a general term used to describe the speed at which prices move over a period of time. In general, changes in dynamics tend to lead to price changes. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is to look for areas of overbought (above 80) and areas of oversold (below 20). The stochastic oscillator is 18.6091. This is an oversold reading. However, a signal is not generated until the oscillator goes above 20. The last signal was a buy 6 period (s) ago.
Relative Strength Index (RSI)
The RSI shows areas of overbought (above 70) and oversold (below 30). The current value of the RSI is 38.69. This is not a trim or bottom area. A buy or sell signal is generated when the RSI moves out of an overbought / oversold zone. The last signal was a sell 41 period (s) ago.
Product Channel Index (CCI)
CCI shows areas of overbought (above 100) and oversold (below -100). The current CCI value is -208. This is an oversold read. However, no signal is generated until the indicator goes above -100. The last signal was a sell 12 period (s) ago.
The Moving Average Convergence / Divergence (MACD) indicator gives signals as it crosses its 9 period signal line. The last signal was a sell 9 period (s) ago.
Rex Takasugi – TD Profile
AMAZON COM closed lower from -31.670 to 3.004.480. The volume was 100% below average (consolidation) and the Bollinger bands were 6% narrower than normal.
Open High Low Close Volume 3,061.740 3,079.705 2,950.120 3,004.480 5,105
Technical Outlook Short Term: Oversold Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 3,169.05 3,216.04 2,627.25 Volatility: 44 47 49 Volume: 4,755,935 5,174,854 5,191,414
Short term traders should pay more attention to buy / sell arrows while medium / long term traders should place more emphasis on the bullish or bearish trend reflected in the lower ribbon.
AMAZON COM is currently 14.4% above its 200 period moving average and is in an uptrend. The volatility is high compared to the average volatility over the last 10 periods.
Our volume indicators reflect the volume entering and exiting AMZN.O at a relatively even (neutral) pace. Our Trend Prediction Oscillators are currently bullish on AMZN.O and have had this outlook for the past 15 time periods.
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