Amazon stock: buy or sell
Updated on:
Jul 29th, 2021
2
Amazon stock brief
- Amazon closed on Wednesday at $3,630.32 (0.11%) prior to presenting earnings on Thursday at 16:00
- From the chart point view, price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This uptrend marked a 26.01% gain
- Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally.
Should I buy Amazon stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AMZN stock a buy?
Currently, Amazon stock matches one trading strategy:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it scales quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Amazon can break to ATH any time soon, as it only needs to rise a 3.93%. The buy point is at $3,773.08 if you want to trade with this strategy. Arm your stop-loss at $3,395.77
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $3,773.08 | $3,395.77 | 10.00% |
Should I sell Amazon stock?
When is it time to sell Amazon?. Much like when we have to buy shares, determining when is appropiate to sell is not a random decision, and we must use our own trading strategy. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for selling short Amazon stock
As a rule of thumb, you should never hold an investment that results in higher than expected losses by the time of the buy. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Amazon stock?
Currently, Amazon stock doesn't match any of our preferred sell setups, so if you hold Amazon stock and your operation is in profit probably is not time to sell now
Amazon ratings
In the last month we couldn't find any rating for Amazon
Amazon stock analysis
Since last March, Amazon has been drawing an uptrend that by now marked an amazing 26.01%. The price shows higher peaks and higher troughs, and along the way gave some entry points for those who wanted to invest. Latest low was in early June, when price bounced at $3,172.20. Like in all uptrends, price needs to rest and now price is moving in a range between $3,773.08 and $3,172.20
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 on July 13 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 56.66. Amazon shares fell a 2.37% since then
Amazon stock price history
Amazon went public priced at an adjusted price1 of $2.44 on May 1997. Since then, AMZN stock surged by 148,683.61%, with an average of 6,195.15% per year. If you had invested $1,000USD in Amazon stock at that time, it would be valued $1,487,836.07 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Amazon stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and many times. Again, these estimates are not direct recommendations for individual investors and should not be trusted blindly.
We don't have any target price published in the previous 4 weeks for Amazon.
Earnings and financials
Amazon performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Amazon ($AMZN) | 5.60% | 3.60% | 12.20% |
Important:
The opinions expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the individual situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative motives onlyAmazon summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $3633.78 |
| Close | $3630.32 |
| Day range | $3601 - $3658.42 |
| Previous close | $3626.39 |
| Session gain | 0.11% |
| Average true range | $80.25 |
| 50d mov avg | $3,440.93 |
| 100d mov avg | $3,334.70 |
| 200d mov avg | $3,266.91 |
| Earnings date | July 29th, 2021 |
Frequently asked questions
What is Amazon stock symbol?
Is Amazon stock a buy or sell?
Will AMZN go up?
Latest Amazon news
- CNN MoneyAmazon announces $15 minimum wage for all US employeesOct 2, 2018