Amazon.com (AMZN) at $126.66: A Glance at the Anticipated Rise to $131.73 - AI's Forecast on the 4% Monthly Upswing"
Amazon.com (AMZN, $126.66), a pioneer in the e-commerce sector, continues to demonstrate robust growth trends as we navigate further into 2023. An analysis led by our artificial intelligence tool, A.I.dvisor, reveals an 89% chance of an uptrend continuation for Amazon.com in the coming month.
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Drawing on historical trends and similar previously-analyzed scenarios, the e-commerce behemoth is poised to experience a 4% growth, raising its stock price to $131.73 or potentially more within the next month. The data suggests an ongoing bullish trend for Amazon.com, positioning it as an intriguing player in the market.
The AI analysis explores a plethora of similar scenarios, where Amazon.com's stock trended upward throughout the month. Based on these trends, the AI prediction model has estimated a high probability of an uptrend continuation.
These predictions are invaluable to both novice and experienced investors, offering insights into potential growth trends and helping shape investment strategies. However, it's crucial to remember that while these forecasts are data-driven and leverage powerful AI technology, they should not be the sole basis of your investment decisions. Every investment carries inherent risks, and it's vital to consider your personal financial situation, risk tolerance, and investment goals when deciding where to place your funds.
As the second quarter of 2023 unfolds, Amazon.com's promising growth rate and expected uptrend paint a picture of optimism for investors. Given the company's significant influence on the e-commerce industry and its impressive history of growth, the predicted rise to $131.73 or potentially more is compelling.
Despite the ever-present market volatility, Amazon.com's predicted uptrend offers a beacon of positivity for investors. It will indeed be captivating to see whether Amazon.com fulfills these growth predictions over the next month. Nonetheless, the high probability of an uptrend continuation and the predicted 4% increase places Amazon.com at a vantage point in the market that investors will undoubtedly be watching closely.
AMZN sees MACD Histogram just turned negative
AMZN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AMZN as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
AMZN moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZN advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMZN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 92, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 (7.899) is normal, around the industry mean (17.208). P/E Ratio (102.041) is within average values for comparable stocks, (72.904). Projected Growth (PEG Ratio) (2.449) is also within normal values, averaging (2.306). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (2.472) is also within normal values, averaging (9.397).
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 60% 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% | +1.67% | ||
| EBAY - AMZN | 60% Loosely correlated | +1.60% | ||
| CHWY - AMZN | 54% Loosely correlated | +0.83% | ||
| JMIA - AMZN | 53% Loosely correlated | +1.67% | ||
| W - AMZN | 53% Loosely correlated | -0.02% | ||
| GLBE - AMZN | 53% Loosely correlated | +4.50% | ||
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