AMZD saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for AMZD moved out of overbought territory on January 06, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 24 similar instances where the indicator exited the overbought zone. In of the 24 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMZD 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 Aroon Indicator for AMZD entered a downward trend on December 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on AMZD as a result. In of 38 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 AMZD advanced for three days, in of 134 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Trading
AMZD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, AMZD has been closely correlated with SQQQ. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMZD jumps, then SQQQ could also see price increases.
| Ticker / NAME | Correlation To AMZD | 1D Price Change % | ||
|---|---|---|---|---|
| AMZD | 100% | -1.82% | ||
| SQQQ - AMZD | 72% Closely correlated | -3.80% | ||
| SH - AMZD | 68% Closely correlated | -0.56% | ||
| SDS - AMZD | 61% Loosely correlated | -1.02% | ||
| SPXS - AMZD | 59% Loosely correlated | -1.56% | ||
| NVDD - AMZD | 45% Loosely correlated | -4.26% | ||
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