Amazon.com, Inc. (NASDAQ:AMZN) digital assistant Alexa gets into your head

Amazon.com, Inc. (NASDAQ:AMZN) digital assistant Alexa gets into your head

Amazon.com, Inc. (NASDAQ:AMZN) digital assistant Alexa gets into your head

Amazon on Wednesday unveiled a cornucopia of new gadgets as it extended the reach of Alexa from automobiles and homes essentially into people’s heads.

Amazon digital aide Alexa vies with Google Assistant software to be at the heart of smart homes where lights, security systems, televisions and more are controlled with spoken commands.

While the Seattle-based technology titan has worked with partners to get Alexa built into some 85,000 devices, it also expanded the line-up of hardware it creates itself.

– Echo Frames –

Eyeglass frames with microphones built in to listen for commands and speakers that channel audio directly into the ears for just wearers to hear. The frames, which can be used for prescription lenses, have no camera or display capabilities and synch with smartphones.

Echo Frames are available invitation-only, and priced at $180.

– Echo Loop –

A ring worn on a finger that can be used to interact with Alexa digital assistant using taps or swipes. The smart ring is available by invitation only and priced at $130.

– Echo Buds –

Wireless earbuds infused with Alexa digital assistant smarts but which synch to smartphones, where they can work with Google Assistant or Apple Siri software. Echo Buds are priced at $130.

– Echo Studio –

A smart speaker with five directional speakers and sophisticated software for premium sound quality and Alexa digital assistant controls built in. Priced at $200.

– New-gen Echos –

Additions to the Echo smart speaker line-up included an improved basic model for $100, a plug-in Echo Flex device for $25, and an Echo Dot with an illuminated clock for $60 because users so often ask the time.

– Echo Show 8 –

An Echo show smart display with an eight-inch screen for $130.

Technical Indicators

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 1,837.51.

The projected lower bound is: 1,689.48.

The projected closing price is: 1,763.50.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 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 25.5201. This is not an overbought or oversold reading. The last signal was a buy 0 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 41.78. 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 34 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 -178.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 sell 2 period(s) ago.

Rex Takasugi – TD Profile

AMAZON COM closed up 26.720 at 1,768.330. Volume was 1% above average (neutral) and Bollinger Bands were 41% narrower than normal.

Open     High      Low     Close     Volume___
1,747.3601,773.0001,723.0001,768.330 3,531,098
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 1,804.16 1,835.03 1,776.23
Volatility: 24 26 34
Volume: 3,198,168 3,402,851 4,489,164

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 0.4% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AMZN.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AMZN.O and have had this outlook for the last 12 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH