The Greedy Trader Weekly Analysis
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Amazon.com (AMZN)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a ninth consecutive positive week for the Amazon.com (AMZN). During the week, the AMZN gained 197.43 points, or 7.33%, and closed at 2890.30 on Thursday, July 2, 2020. It was the best weekly gain since April 17, 2020. AMZN was trading at average weekly trading volume.

Long-term trend: [See AMZN long-term trend chart]
A long-term uptrend had started on October 1, 2001 at 5.51 and reached 2955.56 on July 2, 2020. AMZN gained -2950.05 points, or -53539.93%, in 978 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (82.40) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AMZN medium-term trend chart]
A medium-term uptrend had started on October 24, 2014 at 284.00 and reached 2955.56 on July 2, 2020. AMZN gained -2671.56 points, or -940.69%, in 296 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (1694.01) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See AMZN weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 3, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AMZN short-term trend chart]
A short-term uptrend had started on May 27, 2020 at 2330.00 and reached 2955.56 on July 2, 2020. AMZN gained -625.56 points, or -26.85%, in 36 days. The price is now at the 10.43% retracement level.

Daily Technical Indicators: [See AMZN daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since June 8, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.18
Overbought
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 66.97
Bearish
Greed/Fear Indicator (GFI) 79.91
Moving Average Converg./Diverg. (MACD) 84.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.97
Overbought
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 88.60
Overbought Bearish
Greed/Fear Indicator (GFI) 84.57
Overbought
Moving Average Converg./Diverg. (MACD) 154.42
Trading Signals
Description Value Chart
Price 2890.30
Upper Bollinger Band 2887.45
Weekly Stochastic Crossing 2881.31
Daily Stochastic Crossing 2859.30
20 Day Moving Average 2669.23
Parabolic System 2640.57
50 Day Moving Average 2509.94
Lower Bollinger Band 2462.20
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Internet & Direct Marketing Retail 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2630.08
Low Date 06/29/2020
High 2955.56
High Date 07/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2330.00
Low Date 05/27/2020
High 2955.56
High Date 07/02/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1626.03
Low Date 03/16/2020
High 2955.56
High Date 07/02/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 2223.10
Support 1694.01
Low 284.00
Low Date 10/24/2014
High 2955.56
High Date 07/02/2020
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 610.41
Support 82.40
Low 5.51
Low Date 10/01/2001
High 2955.56
High Date 07/02/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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