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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AMZN in downward trend: price may decline as a result of having broken its higher Bollinger Band on September 13, 2023
AMZN broke above its upper Bollinger Band on September 13, 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. The A.I.dvisor looked at 49 similar instances where the stock broke above the upper band. In of the 49 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 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 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 .
The Moving Average Convergence Divergence Histogram (MACD) for AMZN turned negative on September 19, 2023. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
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
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 .
Fundamental Analysis (Ratings)
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 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 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 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 (8.425) is normal, around the industry mean (17.276). P/E Ratio (108.696) is within average values for comparable stocks, (73.457). Projected Growth (PEG Ratio) (2.611) is also within normal values, averaging (2.322). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (2.635) is also within normal values, averaging (9.418).
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% | -1.70% | ||
| EBAY - AMZN | 60% Loosely correlated | +0.16% | ||
| CHWY - AMZN | 54% Loosely correlated | -5.35% | ||
| JMIA - AMZN | 53% Loosely correlated | -7.14% | ||
| W - AMZN | 53% Loosely correlated | N/A | ||
| GLBE - AMZN | 53% Loosely correlated | +2.14% | ||
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