AMZN Trading Predictions
1 Day Prediction
Target: April 7, 2025$169
$170
$171
$167
Description
Given the recent bearish trend and the significant drop in price, the prediction reflects a continuation of selling pressure. The RSI indicates oversold conditions, but the MACD shows a bearish crossover, suggesting further downside risk.
Analysis
AMZN has shown a bearish trend over the past three months, with significant support around $170. The recent high volatility and increased volume on down days indicate strong selling pressure. The RSI is nearing oversold territory, but the MACD remains bearish, suggesting potential for further declines.
Confidence Level
Potential Risks
Market sentiment is weak, and any negative news could exacerbate the decline. A reversal is possible if buying interest emerges.
1 Week Prediction
Target: April 14, 2025$165
$167
$168
$162
Description
The bearish momentum is expected to continue, with potential for further declines as the stock approaches key support levels. The Bollinger Bands indicate a squeeze, suggesting volatility ahead, but the overall trend remains downward.
Analysis
The stock has been in a downtrend, with significant resistance at $170. Volume spikes on down days indicate strong selling pressure. The ATR suggests increased volatility, and the RSI remains low, indicating potential for further declines.
Confidence Level
Potential Risks
Any positive macroeconomic news could lead to a short-term bounce, but the overall sentiment remains negative.
1 Month Prediction
Target: May 6, 2025$160
$162
$163
$158
Description
The prediction reflects a continuation of the bearish trend, with the stock likely testing lower support levels. The MACD remains bearish, and the RSI indicates oversold conditions, suggesting potential for a bounce but overall downward pressure.
Analysis
AMZN's performance has been characterized by a strong bearish trend, with key support around $160. The stock has experienced high volatility, and the recent price action suggests a lack of buying interest. The overall market sentiment is cautious, with potential for further declines.
Confidence Level
Potential Risks
Market conditions could change rapidly, and any positive earnings or news could lead to a reversal.
3 Months Prediction
Target: July 6, 2025$155
$156
$158
$150
Description
The long-term outlook remains bearish, with the stock likely to test lower support levels. The overall market sentiment is negative, and technical indicators suggest continued selling pressure.
Analysis
Over the past three months, AMZN has shown a consistent downtrend, with significant resistance at $170. The stock's volatility has increased, and the bearish MACD and low RSI indicate a lack of buying interest. The overall market sentiment remains cautious, with potential for further declines.
Confidence Level
Potential Risks
Unforeseen macroeconomic events or changes in market sentiment could lead to a reversal.