The Greedy Trader Weekly Analysis
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Amazon.com (AMZN)

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Amazon.com (AMZN). During the week, the AMZN dropped -49.20 points, or -2.73%, and closed at 1751.60 on Friday, December 6, 2019. It was the worst weekly loss since September 27, 2019. Weekly volume was -41% below 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 2050.50 on September 4, 2018. AMZN gained -2044.99 points, or -37114.16%, in 883 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (80.08) 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 2050.50 on September 4, 2018. AMZN gained -1766.50 points, or -622.01%, in 201 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 1541.27 and resistance is at 2028.62. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See AMZN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 2, 2019. The distance between MACD and the signal line is low and getting smaller. 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 3, 2019 at 1685.06 and reached 1824.60 on November 29, 2019. AMZN gained -139.54 points, or -8.28%, in 57 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 1738.01 and resistance is at 1827.25. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AMZN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.07% on Friday. It is 53.19% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.96
Williams' Percentage Range (W%R) 72.00
Lane's Stochastic (%D-Slow) 30.48
Greed/Fear Indicator (GFI) 37.14
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.07
Williams' Percentage Range (W%R) 79.10
Lane's Stochastic (%D-Slow) 57.23
Greed/Fear Indicator (GFI) 40.96
Moving Average Converg./Diverg. (MACD) -8.64
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2028.62
Weekly Trendline Resistance 1827.25
Parabolic System 1824.70
Upper Bollinger Band 1812.14
Weekly Stochastic Crossing 1766.33
20 Day Moving Average 1765.42
50 Day Moving Average 1761.10
Daily Stochastic Crossing 1760.74
Price 1751.60
Weekly Trendline Support 1738.01
Lower Bollinger Band 1723.32
Quarterly Trendline Support 1541.27
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Internet Software & Svcs 42
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 1722.71
Low Date 11/18/2019
High 1824.60
High Date 11/29/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 1827.25
Support 1738.01
Low 1685.06
Low Date 10/03/2019
High 1824.60
High Date 11/29/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2035.80
High Date 07/11/2019
Low 1685.06
Low Date 10/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 2028.62
Support 1541.27
Low 284.00
Low Date 10/24/2014
High 2050.50
High Date 09/04/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 590.42
Support 80.08
Low 5.51
Low Date 10/01/2001
High 2050.50
High Date 09/04/2018
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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