AMZN chart and analysis
In the last month, AMZN has been trading in the $87.48 – $98.49 range, and it is currently trading in the middle of this range so some resistance may be found above. In particular, a resistance zone from $91.59 to $93.00 is formed by combining multiple trend lines and important moving averages in various time frames. At the same time, resistance is also observed at $96.54 from a horizontal line in the daily time frame. Elsewhere, support is identified at $89.09 from a horizontal line in the weekly time frame. The short-term trend is negative, as is the long-term trend, although prices have been consolidating lately, and the setup quality at the moment is not perfect. The oscillators point to ‘neutral’ at 8, according to the data obtained from the market analytics platform TradingView on December 15. Based on analysts over the last three months, the average price forecast over the next 12 months is $136.07; the target indicates a 48.52% upside from its current price and is relatively similar to the Coin Price Forecast prediction. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
