Amazon (AMZN, $106.96), market cap jumped by $32.3B
Amazon.com (AMZN) has had a strong performance recently, with the company's market capitalization jumping by $32.3B in just one day. AMZN rose by 3.03% to $106.96 per share, bringing the total market cap to $1097.2B. According to Tickeron's A.I.dvisor, out of 103 stocks in the Internet Retail industry, 46.15% or 48 are in an uptrend, while 53.85% or 55 are in a downtrend.
It is important to note that while a single day's market performance can be exciting, it is important to evaluate the stock's longer-term trends and other relevant indicators to make informed investment decisions.
One such indicator is the 50-day moving average, which can help traders gauge the overall direction of a stock's price movement. On April 13, 2023, AMZN moved above its 50-day moving average, indicating a shift from a downward trend to an upward trend. In 38 of 55 similar past instances, the stock price increased further within the following month. This suggests that there is a 69% chance of a continued upward trend in the coming weeks.
It is important to note that past performance is not a guarantee of future results, and other factors such as earnings reports and market sentiment can also impact a stock's performance.
Regarding earnings results, Amazon recently reported its first-quarter 2023 financial results. The company beat earnings estimates with adjusted earnings per share of $14.09, compared to the expected $12.30. Revenue for the quarter was $144.7 billion, which also exceeded expectations. These strong earnings results may have helped to support the stock's recent upward momentum.
Overall, while the recent jump in market capitalization for Amazon is certainly positive news for investors, it is important to continue monitoring relevant indicators such as the 50-day moving average and earnings reports to make informed investment decisions. As always, investors should conduct thorough research and analysis before making any investment decisions.
Momentum Indicator for AMZN turns positive, indicating new upward trend
AMZN saw its Momentum Indicator move above the 0 level on May 09, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AMZN just turned positive on May 10, 2023. Looking at past instances where AMZN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for AMZN moved above the 200-day moving average on May 26, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZN advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 251 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMZN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AMZN broke above its upper Bollinger Band on May 10, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AMZN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.078) is normal, around the industry mean (18.894). AMZN's P/E Ratio (285.714) is considerably higher than the industry average of (72.605). Projected Growth (PEG Ratio) (4.320) is also within normal values, averaging (2.605). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (2.372) is also within normal values, averaging (8.407).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of on-line retail shopping services
Industry InternetRetail
AMZN and
Correlation & Price change
A.I.dvisor indicates that over the last year, AMZN has been loosely correlated with EBAY. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if AMZN jumps, then EBAY could also see price increases.
| Ticker / NAME | Correlation To AMZN | 1D Price Change % | ||
|---|---|---|---|---|
| AMZN | 100% | +1.29% | ||
| EBAY - AMZN | 65% Loosely correlated | -1.67% | ||
| JMIA - AMZN | 64% Loosely correlated | +0.73% | ||
| MELI - AMZN | 63% Loosely correlated | -2.54% | ||
| ETSY - AMZN | 62% Loosely correlated | -3.55% | ||
| W - AMZN | 62% Loosely correlated | +11.92% | ||
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