The Greedy Trader Weekly Analysis
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Amazon.com
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBroken trend resistance line
Move cursor over the icon to see details.

It was the negative week for the Amazon.com (AMZN). During the week, the AMZN dropped -23.65 points, or -1.99%, and closed at 1162.35 on Friday, December 01, 2017. It was the worst weekly loss since September 22, 2017. Weekly volume was 71% above average.

Long-term trend: [See AMZN long-term trend chart]
A long-term uptrend had started on October 1, 2001 at 5.51 and reached 1213.41 on November 27, 2017. AMZN gained -1207.90 points, or -21921.96%, in 843 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (71.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 1213.41 on November 27, 2017. AMZN gained -929.41 points, or -327.26%, in 161 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 937.02 and resistance is at 1210.58. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AMZN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 27, 2017. 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 October 23, 2017 at 962.50 and reached 1213.41 on November 27, 2017. AMZN gained -250.91 points, or -26.07%, in 35 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (1154.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See AMZN daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.44
Williams' Percentage Range (W%R) 33.10
Lane's Stochastic (%D-Slow) 61.07
Greed/Fear Indicator (GFI) 62.80
Moving Average Converg./Diverg. (MACD) 35.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.65
Williams' Percentage Range (W%R) 14.70
Overbought
Lane's Stochastic (%D-Slow) 93.66
Strong Overbought
Greed/Fear Indicator (GFI) 81.12
Overbought
Moving Average Converg./Diverg. (MACD) 36.43
Trading Signals
Description Value Chart
Parabolic System 1211.87
Quarterly Trendline Resistance 1210.58
Weekly Stochastic Crossing 1198.94
Upper Bollinger Band 1186.98
Daily Stochastic Crossing 1176.02
Price 1162.35
Weekly Trendline Support 1154.67
Weekly Trendline Resistance 1151.37
20 Day Moving Average 1145.02
Lower Bollinger Band 1086.52
50 Day Moving Average 1056.33
Quarterly Trendline Support 937.02
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Internet Software & Svcs 71
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1213.41
High Date 11/27/2017
Low 1145.19
Low Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 1151.37
Support 1154.67
Low 962.50
Low Date 10/23/2017
High 1213.41
High Date 11/27/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 931.75
Low Date 09/26/2017
High 1213.41
High Date 11/27/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1210.58
Support 937.02
Low 284.00
Low Date 10/24/2014
High 1213.41
High Date 11/27/2017
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 519.69
Support 71.84
Low 5.51
Low Date 10/01/2001
High 1213.41
High Date 11/27/2017
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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