Sep 04, 2023 | |||
◆ Closed price | |||
138.23 | 0.08% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆ This week's stock price Buy-Sell strength analysis | |||
The current trend appears to be 'Entering an uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend. | |||
The overall buy-sell strength indicates that the sell strength is stronger than the buy. | |||
Assuming that the average sell strength is -100%, | |||
This week's sell strength is | -145% | | |
◆ Next week's stock price Buy-Sell strength Forecast | |||
Based on recent stock trends and technical analysis, it looks like AMZN stock is poised for an Uptrend next week | |||
The %strength of Risk & Return next week : | 31% | ||
HIGH ~ LOW % range next week : | 3.9% | -0.8% | |
Predicted Average return over the next 3 weeks: | 12.6% | ||
The price of AMZN stock moves in line with the rise and fall of the stock market index with a probability of | 80% | | |
, and conversely, it moves against the stock market index trend with a probability of | 20% | | |
because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change. | |||
◆ AMZN stock price 10 Week forecast [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 2 : 8 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's about to begin an uptrend as a correction trend gradually transitions to small declines and strong rises. and It's maintaining a suitable Buy-Sell strength for the current trend conditions. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be this week or next week. | |||
The buying date is | Sep 11 | | |
A good price to buy a stock: | $ 137.30 | ||
And the appropriate selling timing is predicted to be in 3 weeks. | |||
The selling date is | Sep 18 | to | Sep 25 |
A good price to sell a stock: | $ 153.18 | ||
(Forecast may change due to changes in the Buy-Sell strength) | |||
◆ Volatility of forecast | |||
Due to maintaining a proper flow of Buy-Sell strength that is suitable for the current trend, pretiming forecasting may have low volatility. | |||
◆ Predicting the turning point of the trend | |||
The probability of a trend reversal occurring This week and approximately 4 weeks from now, 6 weeks from now | 36% | ||
◆ Forecast of Upper~Lower price range over the next 10 weeks | |||
Price: | 131.32 | ~ | 165.86 |
% Change: | -5.0% | ~ | 20.0% |
Median price between the upper and lower prices | 148.59 | 7.5% | |
◆ Analysis of the trend zone & level% and average strength of trends | |||
For the last 30 weeks, the average trend zone & level% | Bullish | 43% | |
The Current trend zone & level% | Bullish | 21% | |
The expected average trend zone & level% for the next 10 weeks | Bullish | 59% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 61% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -32% | (Min -100%) | |
◆ Forecasting the strength of the trend and the range of the HIGH ~ LOW | |||
Trend | Strength% | HIGH | LOW |
In 1 week: Uptrend | 31% | 3.9% | -0.8% |
In 2 weeks: Uptrend | 81% | 6.5% | 0.1% |
In 3 weeks: Entering a correction trend | 1% | 3.5% | -1.0% |
In 4 weeks: Entering a correction trend | -42% | 0.8% | -3.5% |
In 5 weeks: Correction trend | -48% | 0.3% | -4.5% |
In 6 weeks: Entering an uptrend | -29% | 0.0% | -1.7% |
In 7 weeks: Uptrend | 100% | 6.4% | 0.0% |
In 8 weeks: Uptrend | 81% | 4.3% | -1.3% |
In 9 weeks: Uptrend | 75% | 5.6% | 0.3% |
In 10 weeks: Entering a correction trend | -9% | 3.6% | -1.9% |
◆ Average closing price in case of rising: | | 4.2% | |
=> HIGH ~ LOW range: | 5.4% | ~ | -2.8% |
◆ Average closing price in case of falling: | | -2.6% | |
=> HIGH ~ LOW range: | 2.1% | ~ | -4.6% |
The 10-week forecast and technical analysis of AMZN stock are conducted based on the analysis of buy-sell strength by the pretiming method. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis. | |||
