Amazon.com (AMZN): Riding the Wave of a Monthly Bullish Trend
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Amazon.com (AMZN, $122.77), the global e-commerce giant, is making waves in the market as it enters a monthly bullish trend, suggesting the potential for an Uptrend continuation. A.I.dvisor's prediction indicates that the stock is expected to grow by 4% to $127.68 or more within the next month, presenting an enticing opportunity for investors to ride the positive momentum.
Despite its already impressive market presence, Amazon.com continues to demonstrate its resilience and innovation in the competitive internet retail industry. As one of the world's leading online marketplaces, the company has a track record of disrupting traditional retail models and delivering exceptional customer experiences.
When it comes to volume growth, Amazon.com stands out among its peers in the Internet Retail Industry. While the average monthly and quarterly volume growth for stocks in the industry was negative (-10% and -11% respectively), Amazon.com has consistently demonstrated its ability to attract high trading volumes. This suggests sustained investor interest and confidence in the company's growth potential.
In terms of fundamental analysis ratings, Amazon.com receives favorable scores in key areas. Its valuation rating of 63 indicates a reasonably priced stock relative to its intrinsic value. The P/E growth rating of 70 reflects the company's potential for future earnings growth, while the price growth rating of 55 suggests positive price momentum. Additionally, Amazon.com boasts a strong SMR rating of 78, indicating solid sales, profit margins, and return on equity.
Investors should also consider the profit risk rating of 94, which underscores the importance of thorough risk assessment and monitoring in a rapidly evolving market. While Amazon.com has historically shown resilience, it's essential to stay informed about potential risks and market fluctuations to make informed investment decisions.
Taking into account the historical performance of stocks that trended up during the month, A.I.dvisor estimates the odds of an Uptrend continuation for Amazon.com at 88%. This information provides valuable insights for investors looking to make strategic investment choices aligned with their financial goals.
As Amazon.com (AMZN) rides the wave of a monthly bullish trend, investors have the opportunity to participate in the anticipated Uptrend continuation. With its strong market position, continuous innovation, and positive fundamental analysis ratings, Amazon.com remains a force to be reckoned with in the internet retail industry. Staying updated with market trends and company-specific news will help investors navigate the dynamic landscape and maximize their returns.
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Aroon Indicator for AMZN shows an upward move is likely
AMZN's Aroon Indicator triggered a bullish signal on October 03, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 297 similar instances where the Aroon Indicator showed a similar pattern. In of the 297 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 28, 2024. You may want to consider a long position or call options on AMZN as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZN advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for AMZN moved out of overbought territory on September 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator moved out of overbought territory. In of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where AMZN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AMZN turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a 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 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 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 (8.340) is normal, around the industry mean (4.356). P/E Ratio (44.862) is within average values for comparable stocks, (71.163). Projected Growth (PEG Ratio) (1.785) is also within normal values, averaging (1.293). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (3.309) is also within normal values, averaging (6.077).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.
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Fundamental Analysis Ratings
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General Information
a provider of on-line retail shopping services
Industry InternetRetail