$AMZN #Amazon #OnlineShopping #USA #Nasdaq #Stocks #Trading
Mark your calendars: Amazon Prime Day 2020 arrives on Tuesday, October 13. While the two-day event isn’t for another couple of weeks, eager shoppers can start shopping some early Prime Day deals today. Every day leading up to Prime Day 2020, Prime members enjoy exclusive promotions and deals on Amazon products and services.
To shop these early deals and all Amazon Prime Day 2020 deals, you must be a Prime member. Sign up for a free 30-day trial here to get in on the Prime Day savings and try out the many other benefits of Prime membership.
Here are the best early Amazon Prime Day 2020 deals and offers:
- Amazon Music Unlimited, first 4 months for $1 (originally $32) [You save $31]
- AmazonFresh, $15 off orders of $50 for new customers
- Save 50% on a 6-month subscription to Kindle Unlimited (originally $60) [You save $30]
- Save 50% on movie rentals or purchases from Prime Video
- Save $15 on first-time AmazonFresh order of $50+ with the code FRESH15
- Save $50 off a yearlong subscription to Audible (originally $150)
- Spend $20 on ebooks and get a $5 ebook credit
- Receive a $10 credit to use on Prime Day, after spending $10 on select small business products before October 12
- Echo Dot (3rd Gen) two-pack, $40 (originally $80) [You save $40 after using the promo code DOTPRIME2PK at checkout]
- Save up to 60% on select subscription boxes
- Save up to 20% on select school supplies
- Save up to 40% on daily essentials
- Save up to 30% on select smart home products
- Save up to 40% on select clothing styles including Amazon Essentials and Goodthreads
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.
The projected upper bound is: 3,414.43.
The projected lower bound is: 2,942.16.
The projected closing price is: 3,178.29.
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 23 white candles and 27 black candles for a net of 4 black candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
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 79.0699. This is not an overbought or oversold reading. The last signal was a buy 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 51.58. 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 16 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 57. This is not a topping or bottoming area. The last signal was a buy 4 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 buy 0 period(s) ago.
Rex Takasugi – TD Profile
AMAZON COM closed up 78.920 at 3,174.050. Volume was 100% below average (consolidating) and Bollinger Bands were 59% wider than normal.
Open High Low Close Volume 3,148.850 3,175.040 3,117.168 3,174.050 2,398
Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 3,057.62 3,181.05 2,455.81 Volatility: 53 48 47 Volume: 5,276,075 4,809,869 4,980,244
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 gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
AMAZON COM is currently 29.2% above its 200-period moving average and is in an downward 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 moderate flows of volume out of AMZN.O (mildly bearish). Our trend forecasting oscillators are currently bearish on AMZN.O and have had this outlook for the last 11 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
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