AMZN

AmazonConsumer Discretionary

$244.39+2.90%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$244.39

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Profit from Falling Wedge?

AMZN is showing a classic Falling Wedge. Don't miss the move.

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$276.63

Stop

$255.11

Target

$319.67

Chart Pattern

Falling Wedge

Reversal pattern. Price likely to break upwards.

Double Bottom

Reversal pattern after a downtrend.

Market Analysis

A clear signal has emerged for Amazon (AMZN) on the daily chart. Price has moved to $244.39 (2.9%) amidst recent volatility. Our AI has detected a valid Double Bottom pattern. The trend indicator is reading 37.8/100, suggesting moderate momentum. A potential breakout level is identified at $276.63, targeting $319.67 with support near $255.11 (R:R 2.0).

Community Sentiment

What is your outlook on AMZN?

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