AMZN Leads Market Cap Surge in Internet Retail Industry, Securing $67.4B Increase in Just One Week
Amazon.com (AMZN, $104.3) experienced a remarkable week, with a market cap increase of $67.4 billion – the most significant rise in the Internet Retail Industry for the week ending April 19, 2023. A.I.dvisor's comprehensive analysis of 105 stocks within the sector revealed that a majority of them, 75 (71.43%), were in an Uptrend, while 30 stocks (28.57%) exhibited a Downtrend.
This upward trend is further emphasized by AMZN's recent movement above its 50-day moving average on April 13, 2023, which signals a shift from a downward trend to an upward one. Historically, in 39 of the 55 similar past instances, the stock price saw further increases within the following month. This data suggests that there is a 71% likelihood of a continued upward trend for AMZN.
The momentum behind this market cap surge can be attributed to various factors, including strong financial performance, strategic acquisitions, and expansion into new markets. Furthermore, the broader Internet Retail Industry's growth has also played a significant role in AMZN's remarkable performance.
Investors should closely monitor Amazon.com's performance in the coming weeks to capitalize on the potential for continued growth. The 71% probability of a sustained upward trend, based on historical data, indicates that the stock could present a promising investment opportunity. However, as with any investment, it is crucial to conduct thorough research and consider potential risks before making any decisions.
AMZN in -6.03% downward trend, declining for three consecutive days on September 21, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AMZN declined for three days, in of 290 cases, the price declined further within the following month. The odds of a continued downward trend are .
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 .
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.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable 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 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 (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 (8.278) is normal, around the industry mean (17.248). P/E Ratio (107.527) is within average values for comparable stocks, (73.121). Projected Growth (PEG Ratio) (2.566) is also within normal values, averaging (2.318). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (2.590) is also within normal values, averaging (9.411).
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% | -4.41% | ||
| EBAY - AMZN | 60% Loosely correlated | +0.53% | ||
| CHWY - AMZN | 54% Loosely correlated | -1.36% | ||
| JMIA - AMZN | 53% Loosely correlated | -2.43% | ||
| W - AMZN | 53% Loosely correlated | -4.86% | ||
| GLBE - AMZN | 53% Loosely correlated | -3.02% | ||
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