$ AMZN #Amazon #OnlineShopping #USA #Stocks # Commerce #Metastock
Quotes: NASDAQ: AMZN
Price: $ 3,101.49
It’s time to answer the $ 64,000 question: is Amazon still a buy?
Without a doubt, I think Amazon remains one of the best stocks to buy.
While no business is risk free, Amazon’s net dominance is too impressive to overlook. From its premier online marketplace to its superior logistics, US retailers are going to have a hard time competing with Amazon and attracting its users. Even though the retail margins are extremely slim, the company is more than happy to retain users with its brand over the long term.
I’m also very excited about AWS’s potential to triple Amazon’s operating cash flow per share over the next three years. Since Amazon is valued better by its cash flow than traditional earnings metrics like price-to-earnings ratio, its respective valuation is much more attractive than most people might otherwise.
While that probably won’t increase 1670% over the next decade, Amazon’s continued outperformance suggests it has a lot of additional benefits.
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 TV (TV) episodes.
Overall, the price bias is: sideways.
The projected upper limit is: 3,316.75.
The projected lower limit is: 2,884.34.
The projected closing price is: 3,100.55.
A white body has occurred (because prices closed higher 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 24 white candles and 26 black candles for a trickle of 2 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 26.4013. This is not an overbought or oversold read. The last signal was a sell 8 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 44.11. 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 68 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 1 period (s) ago.
Rex Takasugi – TD Profile
AMAZON COM closed lower -2.710 to 3101.490. The volume was 100% below average (consolidation) and the Bollinger bands were 62% narrower than normal.
Open High Low Close Volume 3,088.990 3,142.100 3,076.000 3,101.490 3,817
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 3,167.73 3,184.47 2,781.39 Volatility: 19 43 49 Volume: 3,007,839 4,614,111 5,130,807
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 11.5% above its 200 period moving average and is in an uptrend. The volatility is extremely low compared to the average volatility of the last 10 periods. There is a good chance that there will be an increase in volatility accompanied by sharp price swings in the near future.
Our volume indicators reflect the volume entering and exiting AMZN.O at a relatively even (neutral) pace. Our Trend Forecast Oscillators are currently bullish on AMZN.O and have had this outlook for the past 3 periods. our momentum oscillator set a new 14 period low while the stock price did not. This is a bearish divergence.
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