Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen

Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen

Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen

Prime Day 2019 is a two-day event this year, but it doesn’t mean Amazon is holding back the early deals.

That’s right: You don’t have to wait until July 15th to take advantage of a great sale!

Right now, the retailer slashed prices on a range of its devices, including the wildly popular Fire TV Recast, which is down to the lowest price to date. The Recast has the capabilities of the Fire TV plus the ability to connect and antenna to watch and record live TV. So if you’re ready to cut the cord with your pricey cable provider or ditch your streaming service, this is one deal you won’t want to miss.

Sony 65″ X70F LED 4K Ultra HDR Smart TV

Amazon’s popular gadgets are top-rated among shoppers and help make your life easy thanks to those that come equipped with our favorite smart assistant, Alexa. Just keep in mind that some of these early deals, including the Fire TV Recast, are exclusive to Prime Members. So if you don’t have an account, sign up for a free 30-day trial to take advantage of the best deals.

You may not see every Amazon device on sale right now, but we have a feeling that could change the closer we get to July 15th. In the meantime, keep scrolling to get your hands on the best early Prime Day deals on Amazon devices.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 1,848.15.

The projected upper bound is: 2,023.68.

The projected lower bound is: 1,854.93.

The projected closing price is: 1,939.30.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 93.5457. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 13 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 63.12. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 21 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 151.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 17 period(s) ago.

Rex Takasugi – TD Profile

AMAZON COM closed up 4.690 at 1,939.000. Volume was 59% below average (consolidating) and Bollinger Bands were 3% narrower than normal.

Open High Low Close Volume___
1,935.8901,941.5901,930.5001,939.000 1,690,294

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period     50-period     200-period
Close: 1,911.29 1,871.88 1,744.88
Volatility: 17 29 46
Volume: 2,761,198 4,124,812 5,508,909

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

AMAZON COM is currently 11.1% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into AMZN.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AMZN.O and have had this outlook for the last 11 periods.

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