Is Amazon (AMZN, $3,136.43) planning to open 1,000 small delivery hubs?

Amazon.com  is  reportedly planning to build 1,000 small delivery hubs in cities and suburbs across the U.S., in trying to make online shopping even faster.

A Bloomberg report, citing people familiar with the plans, mentioned that the e-commerce giant was planning to make mini versions of its massive fulfillment centers, in a bid to compete with  Walmart  Target   and other retailers.

As COVID-19 pandemic wreaked havoc, Amazon was compelled to  withdraw its two-day delivery system as the lockdown led to a surge in online orders posing a challenge to Amazon’s delivery capacity.

But now, Amazon is looking to get back to its same day delivery pledge for Prime subscribers.

According to Tickeron, AMZN's Stochastic Oscillator stays in oversold zone for 5 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Current price $3141.48 crossed the support line at $3182.41 and is trading between $3182.41 support and $3081.11 support lines. Throughout the month of 08/13/20 - 09/15/20, the price experienced a -0.15% Downtrend, while the week of 09/08/20 - 09/15/20 shows a +0.20% Uptrend.

Technical Analysis (Indicators)

Bullish Trend Analysis

AMZN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In 230 of 352 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 65%.

Bearish Trend Analysis

The 10-day RSI Indicator for AMZN moved out of overbought territory on September 03, 2020. 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 57 similar instances where the indicator moved out of overbought territory. In 25 of the 57 cases, the stock moved lower in the following days. This puts the odds of a move lower at 44%.

The Momentum Indicator moved below the 0 level on September 08, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on AMZN as a result. In 29 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 37%.

The Moving Average Convergence Divergence Histogram (MACD) for AMZN turned negative on September 04, 2020. 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 19 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 40%.

AMZN moved below its 50-day Moving Average on September 11, 2020 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 44%.

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 51%. During the last month, the daily ratio of advancing to declining volumes was 1.02 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 69, placing this stock better than average.

The Tickeron Price Growth Rating for this company is 8 (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 22 (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 45 (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 99 (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 (21.45) is slightly higher than the industry average of (3.33). AMZN's P/E Ratio (121.32) is considerably higher than the industry average of (36.25). AMZN's Projected Growth (PEG Ratio) (14.46) is very high in comparison to the industry average of (1.67). Dividend Yield (0.00) settles around the average of (0.08) among similar stocks. P/S Ratio (4.36) is also within normal values, averaging (4.57).