Amazon.com, Inc. (NASDAQ:AMZN) Metastock Technical Forecast

Amazon.com, Inc. (NASDAQ:AMZN) Metastock Technical Forecast

Amazon.com, Inc. (NASDAQ:AMZN) Metastock Technical Forecast

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Amazon.com is a Fortune 500 e-commerce company based in Seattle, Washington, and has the distinction of being one of the first large companies to sell goods over the internet. In 1994, Jeff Bezos founded Amazon, which launched the following year. If you’re of a particular age, you likely remember that Amazon started out as an online bookstore and then quickly diversified by adding other items, including DVDs, music, video games, electronics, and clothing.

In 1999, just five years after he started Amazon, Jeff Bezos was named Time magazine’s “Person of the Year.” He received the honor largely because of the company’s success in popularizing online shopping.

Corporate Culture

Amazon.com considers itself a completely customer-centric company, believing that if it doesn’t listen to customers, it will fail. Amazon has stated that it wants to take advantage of any opportunity that presents itself to the company during a time of unprecedented technological revolution.

According to Amazon’s website, Bezos sketched on a napkin a small graphic illustrating the company’s culture. It shows how growth leads to lower costs, which leads to lower prices, which leads to better selection—and everything points to a better customer experience.

Metastock Expert Advisors

Amazon Options Scope

Volatility Analysis

On 13/04/2020, LAB CRP OF AMER closed down -6.3500 at 140.4500 on volume 50.64% below average.

                   Statistical               Change from 
                   Volatility              Previous period

10-period 106.2462 -3.84
21-period 161.1708 -10.53
39-period 133.0281 0.43
90-period 89.6474 0.40

Bollinger Bands are 43.92% wider than normal.

For 13/04/2020 the closing price was 140.4500.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

Rex Takasugi – TD Profile

LAB CRP OF AMER closed down -6.350 at 140.450. Volume was 51% below average (consolidating) and Bollinger Bands were 44% wider than normal.

Open     High      Low     Close     Volume___
147.910 148.050 139.270 140.450 124,892
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 129.21 158.13 167.01
Volatility: 106 119 62
Volume: 252,513 296,293 203,298

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

LAB CRP OF AMER is currently 15.9% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of LH.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on LH.N and have had this outlook for the last 30 periods.

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