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.
Momentum Indicator for AMZN turns positive, indicating new upward trend
AMZN saw its Momentum Indicator move above the 0 level on May 09, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AMZN just turned positive on May 10, 2023. Looking at past instances where AMZN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for AMZN moved above the 200-day moving average on May 26, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZN advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 261 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for AMZN moved out of overbought territory on June 07, 2023. 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 43 similar instances where the indicator moved out of overbought territory. In of the 43 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 63 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 .
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 .
AMZN broke above its upper Bollinger Band on May 10, 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.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (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 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 94, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 (8.197) is normal, around the industry mean (16.188). AMZN's P/E Ratio (294.118) is considerably higher than the industry average of (72.958). Projected Growth (PEG Ratio) (4.383) is also within normal values, averaging (2.563). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (2.406) is also within normal values, averaging (8.528).
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 65% 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% | -0.66% | ||
| EBAY - AMZN | 65% Loosely correlated | +0.44% | ||
| MELI - AMZN | 63% Loosely correlated | -0.10% | ||
| JMIA - AMZN | 62% Loosely correlated | +0.29% | ||
| W - AMZN | 61% Loosely correlated | -1.61% | ||
| ETSY - AMZN | 60% Loosely correlated | +4.20% | ||
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