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 downward trend: price expected to drop as it breaks its higher Bollinger Band on April 11, 2024
AMZN broke above its upper Bollinger Band on April 11, 2024. 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 10-day RSI Indicator for AMZN moved out of overbought territory on April 12, 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on April 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AMZN as a result. In of 80 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 April 16, 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 48 similar instances when the indicator turned negative. In of the 48 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 .
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 333 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 289 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 91, placing this stock slightly 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 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: AMZN's P/B Ratio (9.234) is slightly higher than the industry average of (3.687). P/E Ratio (61.800) is within average values for comparable stocks, (59.120). Projected Growth (PEG Ratio) (2.234) is also within normal values, averaging (1.854). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (3.271) is also within normal values, averaging (10.316).
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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General Information
a provider of on-line retail shopping services
Industry InternetRetail