Amazon's (AMZN, $3,191.35) Jeff Bezos sold $3.1 billion in Amazon shares this week

Amazon  CEO Jeff Bezos sold more than $3.1 billion in Amazon shares this week. This is a part of a 10b5-1 trading plan which allows major shareholders to sell a predetermined number of shares without accusations of insider trading.

This week’s sale follows the $4.1 billion in Amazon shares Bezos sold earlier this year. So, the total shares he sold in 2020 is slightly more than $7.2 billion in the first eight months of the year.

Previously, Bezos revealed that he plans to sell $1 billion worth of Amazon stock a year to fund his space firm, Blue Origin. 

Bezos is now worth $190 billion, according to the Bloomberg Billionaires Index. His fortune increased by nearly $75 billion this year. 

According to Tickeron, AMZN enters an Uptrend because Momentum Indicator exceeded the 0 level on August 04, 2020

This indicator signals that AMZN's price has momentum to move higher, since its current price moved above its price 14 days ago. Traders may consider buying the ticker or exploring call options. In 61 of 79 cases where AMZN's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 77%.

Current price $3191.35 is above $2680.38 the highest resistance line found by A.I. Throughout the month of 07/06/20 - 08/05/20, the price experienced a +5% Uptrend. During the week of 07/29/20 - 08/05/20, the stock enjoyed a +6% Uptrend growth.

Technical Analysis (Indicators)

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 284 of 396 cases, the price rose further within the following month. The odds of a continued Uptrend are 72%.

The Aroon Indicator entered an Uptrend today. In 241 of 340 similar cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 26 of 54 cases where AMZN's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 48%.

The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 22 of 47 cases where AMZN's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 47%.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 17 of 45 cases where AMZN's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 38%.

Fundamental Analysis (Ratings)

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1.09 to 1.

The Tickeron Profit vs. Risk Rating rating for this company is 2 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.

The Tickeron Price Growth Rating for this company is 5 (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 PE Growth Rating for this company is 20 (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 SMR rating for this company is 47 (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 Valuation Rating of 95 (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 (21.78) is normal, around the industry mean (5.45). AMZN's P/E Ratio (123.20) is considerably higher than the industry average of (38.42). AMZN's Projected Growth (PEG Ratio) (14.46) is very high in comparison to the industry average of (2.51). Dividend Yield (0.00) settles around the average of (0.09) among similar stocks. P/S Ratio (4.36) is also within normal values, averaging (3.81).