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- 1 Amazon stock price increased by 1.34% over the past seven days.
- 2 Amazon Inc. ( NASDAQ: AMZN) stock’s 52-week price range is $81 – $136.
Amazon stock has been increasing its earnings by 9.6% yearly on average, while the earnings of the Multiline Retail industry grew by 14.8% annually, according to the financial website Simply Wall St. The company’s revenues were also rising by 20.5% per year on average. Amazon.com has a net margin of 0.8% and a return on equity of 2.8%.
Amazon.com has a debt-to-equity ratio of 60.1%, which is calculated from its total shareholder equity of $154.5 Billion and total debt of $92.9 Billion, according to Simply Wall St. The company’s total assets and total liabilities are $464.4 Billion and $309.9 Billion, respectively. Amazon.com’s EBIT is $13.3 Billion making its interest coverage ratio 10.9. It has cash and short-term investments of $64.4 Billion.
The market capitalization of AMZN stock is $1.315 Trillion, and the total revenue is $513.983 Billion. Moreover, the stock’s basic EPS is $0.42, and the price-to-earnings ratio is 319.48. Moreover, the average volume is 54.413 Million, and the current volume is 51.028 Million. The current volume is below average volume.
Moreover, the stock has done well in the last three months, increasing by 23.23%, and it has surged by 21.80% in the last six months. However, Amazon Inc. (NASDAQ: AMZN) stock has a positive year-to-date return of 50.02% and a negative 1-year return of 4.83%.
Technical Analysis of Amazon Stock Price in 1-D Timeframe
The price action shows that Amazon Inc’s ( NASDAQ: AMZN) stock price has been declining for the last month, decreasing by 2.00%. At the time of writing, AMZN stock is trading at $128.21 and has been trying to sustain the CMP level after taking a pullback.
Therefore, if the AMZN price fails to sustain the current level and drops, then it might hit the nearest support levels of $118.78 and $113.87. However, if it maintains the current level, the AMZN price could continue to move upwards and reach the first and second targets of $138.28 and $144.69.
At the time of publishing, Amazon Inc. (NASDAQ: AMZN) is trading above the 50, 100, and 200-day EMAs (exponential moving averages), which are supporting the price trend. However, 20-day EMA is rejecting the trend. If more selling volume adds up, then the price might conquer supporting EMA’s by making lower highs and lows.
Hence, AMZN’s price is expected to move upwards, giving bearish views over the daily time frame chart.
The current value of RSI is 47.42 points. The 14 SMA is above the median line at 55.79 points which indicates that Amazon stock is bearish as the RSI is in bearish territory.
The MACD line at 0.9965 and signal line at 1.50 are above the zero line, and both lines are closing in on each other. A bearish crossover is observed in the MACD oscillator, which signals more bearishness for the AMZN stock price.
Summary
Amazon Inc. (NASDAQ: AMZN) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical oscillators of the AMZN stock price also support the bearish trend. The MACD, RSI, and EMA are highlighting negative signals and imply that the downtrend may continue in AMZN stock price.
Technical Levels
- The nearest support levels for Amazon stock price are $118.78 and $113.87.
- The nearest resistance levels for Amazon’s stock price are $138.28 and $144.69.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
