Amazon.com, Inc. (NASDAQ:AMZN) Reports after the close, Thursday, Apr. 25
Wall Street expects Amazon to earn $4.72 per share on revenue of $59.65 billion. This compares to the year-ago quarter when earnings came to $3.27 per share on revenue of $51.04 billion.
What to watch: Is there such a thing as growth fatigue at Amazon? The e-commerce and cloud computing giant, which reached the $1 trillion mark last September, has seen its stock hover just under $1T, while trading in a tight range. Earnings could catalyze the stock near-term, but what remains important is the visionary stature of the company when compared to its technology peers. CEO Jeff Bezos, in his annual letter to investors last week, said the company can continue to grow its e-commerce footprint in various markets outside the United States where there has been minimal e-commerce market penetration. On Thursday the company will look to re-energize investors with results from its cloud and e-commerce dominance.
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 1,754.09.
The projected upper bound is: 1,926.47.
The projected lower bound is: 1,805.77.
The projected closing price is: 1,866.12.
A black body occurred (because prices closed lower 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 27 white candles and 23 black candles for a net of 4 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.0223. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 5 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 69.49. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 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 121.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 6 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.
Rex Takasugi – TD Profile
AMAZON COM closed down -3.130 at 1,861.690. Volume was 49% below average (consolidating)(neutral) and Bollinger Bands were 41% narrower than normal.
Open High Low Close Volume___
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,849.19 1,725.70 1,744.03
Volatility: 10 23 45
Volume: 3,225,336 4,089,705 5,630,629
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.
AMAZON COM is currently 6.7% 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 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 28 periods.