Amazon's stock is currently trading at $177.48 as of September 5, 20241. The forecast price for Amazon over the next ten trading days is not available2. However, the average price target for Amazon over the next 12 months is $222.69, with a high forecast of $265.00 and a low forecast of $186.003. This suggests that there is potential for the stock price to rise in the medium term.
- Short-term Trend Forecast: The short-term trend forecast for Amazon is not available4. However, the sentiment is currently bullish, with 20 technical analysis indicators signaling bullish signals and 6 signaling bearish signals5.
- Moving Averages: The 5-day moving average is $175.58, and the 10-day moving average is $175.056. These indicators suggest that the stock is trading close to its short-term moving averages.
- Support and Resistance Levels: The support level is at $170.9, and the resistance level is at $175.227. The stock is trading close to its support level, which could indicate a potential for price stability or a rebound if the support holds.
- Analyst Ratings: The stock has received strong buy ratings from analysts, with an average price target representing a 25.47% upside from the last price3. This suggests that analysts are optimistic about the stock's future performance.
- Market Performance: Amazon's stock has experienced a 3.11% increase in the 1-week percentage change and a 10.22% increase in the 1-month percentage change8. This indicates a recent uptrend in the stock's performance.
In conclusion, while the forecast price for the next ten trading days is not available, the current sentiment and analyst ratings suggest that Amazon's stock has potential to rise in the short to medium term. The stock is trading close to its support level, which could indicate a potential for price stability or a rebound if the support holds.
9/5/2024 07:38pm
