Amazon's Remarkable Rally: $AMZN Soars +14.97% 🚀💼
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Amazon's Striking Surge
Amazon.com (AMZN) stands out in the Internet Retail Industry with a remarkable +14.97% gain, closing at $143.91 per share. Amidst 99 industry stocks, AMZN's performance not only reflects its robust market stance but also signals potential growth.
Historical Insights: A Predictor of Continuation?
Based on A.I.dvisor's analysis of 174 similar past instances, AMZN's price increased in 121 cases following a +10% jump within a month. This historical pattern suggests a strong 70% likelihood of AMZN's price climbing in the coming month.
Earnings Triumph: Beating Expectations
AMZN's recent earnings report was a triumph, with earnings of 93 cents per share, outdoing the 57 cents forecast. This beat, coupled with a towering market cap of 1.49T, underlines Amazon's robust financial health.
Industry Analysis: Internet Retail's Competitive Landscape
Amazon leads the pack in an industry marked by fierce competition and rapid innovation. The industry's average market cap stands at 29.68B, with Amazon towering at 1.49T. Key players like Alibaba, JD.com, and eBay highlight the diverse and dynamic nature of this sector.
Price Dynamics: Steady Growth Amidst Fluctuations
The Internet Retail Industry experienced a 1% average weekly price growth, with Amazon contributing significantly to this trend. However, the industry also saw significant volatility, with JWEL and JFBR experiencing the highest and lowest price changes, respectively.
Volume Trends: Indicative of Investor Interest
Despite a -30% average weekly volume decline, the Internet Retail Industry saw a 6% monthly growth. This variable investor interest underscores the sector's fluctuating yet promising nature.
Fundamental Analysis: Decoding Amazon's Ratings
Amazon's fundamental analysis presents a nuanced picture:
- Valuation Rating: 63
- P/E Growth Rating: 69
- Price Growth Rating: 53
- SMR Rating: 76
- Profit Risk Rating: 91
- Seasonality Score: -25
Forward Outlook: A Continued Uptrend?
With a predicted target of $156.57 and a 35.26% chance of hitting it, Amazon's future seems bright. This projected 6.71% ROI reflects Amazon's potential for further growth, backed by solid earnings and market trends.
Concluding Thoughts:
As Amazon (AMZN) navigates through the competitive and fast-paced Internet Retail landscape, its strong earnings report and historical trends suggest a promising trajectory. Investors should keep a keen eye on market fluctuations and global e-commerce trends for informed decision-making.
Stay tuned for more updates and in-depth analysis on AMZN and the ever-evolving world of internet retail. 📊🛒🌍
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