The Amazon stock closed at $135 on Wednesday, recording a strong 1.3% increase over the previous trading day. But technical analysis raises questions. In the context of the moving average, this is falling while the price is below it – a short-term negative indicator. The stock price around $132 serves as a direct support level and holding this level is crucial to avoid a potential downtrend. Otherwise, further losses could be imminent. On the other hand, the resistance level is at $141. A break over it could strengthen the existing downward trend.
Overview:
- Price: 135 USD
- GD200: 108 USD
- 52 wk range: 81 – 144 USD
On August 21, 2023, Amazon executives conducted stock sales. The CEO Andrew Jassy sold nearly $3 million worth of Amazon stock and now owns over 2.1 million shares. David Zapolsky, Senior Vice President, sold nearly $900,000 of stock and now holds more than 107,000 shares. Shelley Reynolds, vice president, sold approximately $415,000 of company stock and now controls approximately 122,000 shares. These transactions were officially reported to the SEC, the US Securities and Exchange Commission. As they are important decision makers in the company, these sales could attract the investors´ interest.
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Amazon?
Questions remain unanswered
The technical situation of Amazon stock raises questions as the moving average is falling and the price is below it. This points to short-term uncertainty. While support at $132 plays a key role, a break may lead to further losses. On the other hand, a successful rise above the resistance level at $141 could indicate a trend reversal. Investors should keep an eye on these levels while following the developments around the executive transactions.
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Amazon?
Buy, hold, or sell? – Your Amazon analysis of 25/08 provides the answer:
What are the prospects for Amazon´s development? Is this stock a safe investment for your money?
The answers to these questions and why you need to act now can be found in the current analysis of Amazon stock.
Autor
Kaufen, halten oder verkaufen - Ihre Amazon-Analyse von 24.11. liefert die Antwort:
Wie wird sich Amazon jetzt weiter entwickeln? Ist ihr Geld in dieser Aktie sicher? Die Antworten auf diese Fragen und warum Sie jetzt handeln müssen, erfahren Sie in der aktuellen Analyse zur Amazon Aktie
