$AMZN #Amazon #OnlineShopping #USA #Nasdaq #Stocks #Trading
Amazon.com Inc. failed to meet British regulators’ deadlines to hand over emails between senior bosses, including Chief Executive Officer Jeff Bezos, during a probe of the retail giant’s investment into Deliveroo.
The U.K.’s antitrust watchdog fined Amazon 55,000 pounds ($72,000) for being late in providing internal documents crucial to the investigation. A total of 189 documents were provided between a few days and more than two months after deadlines, and only after repeated follow-ups by the regulator, the Competition and Markets Authority said in a report published Monday.
Amazon was required to produce all emails sent or received in the last two years by an unnamed senior executive and key custodian of the company, which included any of a specified list of terms provided by the watchdog.
The missing communications included an email chain between Bezos and other senior executives that ended April 2, 2019. The report didn’t reveal what was discussed in the messages.
Amazon handed over the email chain nearly two months after the deadline set by the regulator.
Amazon won’t appeal the decision and will pay the fine. It’s required to do so within 28 days from the date of notice.
Amazon.com, Inc. offers a range of products and services through its Websites.
The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices.
It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue and AWS Lake Formation.
AWS solutions include machine learning, analytics and data lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the Company provides services, such as advertising.
It also offers Amazon Prime, a membership program that includes free shipping, access to streaming of various movies and television (TV) episodes.
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 3,010.57.
The projected upper bound is: 3,527.08.
The projected lower bound is: 3,083.76.
The projected closing price is: 3,305.42.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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 46.4875. This is not an overbought or oversold reading. The last signal was a sell 1 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 51.41. 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 sell 1 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 -91. This is not a topping or bottoming area. The last signal was a sell 1 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 0 period(s) ago.
Rex Takasugi – TD Profile
AMAZON COM closed down -73.380 at 3,294.620. Volume was 99% below average (consolidating) and Bollinger Bands were 30% wider than normal.
Open High Low Close Volume 3,318.000 3,381.500 3,111.130 3,294.620 36,878
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 3,404.18 3,144.89 2,356.16 Volatility: 40 45 45 Volume: 4,212,138 4,822,972 4,755,451
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 39.8% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term.
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 13 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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