Amazon Stock Forecast: AMZN falls back to the $3200 level. Outlook turns negative.

Amazon Stock Forecast: AMZN falls back to the $3200 level. Outlook turns negative.
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Amazon Stock Forecast, January 14th: Shares of AMZN are expected to trade between $ 3086 and $ 3291 in the next 24 hours.

The Technical Recommendation for the next 24 hours is Sell.

1 out of the 5 Momentum Indicators is Positive. 2 out of the 5 Momentum Indicators are Negative.2 Analysts

AMZN is currently trading 0.47% lower at $3209.00.

Metric
Value
Trend
Share Volume
2.60 M
NA
Average Volume
2.86 M
NA
Forward PE (1 Year)
82.96
NA
a1 9

Amazon Stock Forecast: Momentum Summary

Momentum Indicators
Indicator Direction
Price
Lower
Technical
Sell
Social Media Sentiment Trend
Positive
Volume
NA
Performance versus NASDAQ
Same

Amazon Stock Forecast: Performance Chart

1 day
last 5 days
last 1 month
last 1 year
-1.90%
+1.76%
-5.08%
+2.62%

Amazon Stock Forecast: Technical Analysis

Source
Support
Resistance
Recommendation
$ 3086 (S3)
$ 3291 (R1)
Sell
$ 3086 (S3)
$ 3291 (R1)
Sell

Trading View 4hr. Chart

1.

Is Amazon Stock a BUY? – AMZN Stock Analysis | Best Stocks To Buy Now?

Amazon Stock Forecast: Latest News and Prediction Tweets

Bull on Twitter: “So $AMZN Investor Relations posted a note about holiday sales late yesterday and it’s big, I mean really big, and Wall Street and Financial Media still don’t get how wrong they are on Amazon (you can skip to last post for a cliff’s note if you don’t want to read)(quick thread) pic.twitter.com/fzKxm13kSw / Twitter”

So $AMZN Investor Relations posted a note about holiday sales late yesterday and it’s big, I mean really big, and Wall Street and Financial Media still don’t get how wrong they are on Amazon (you can skip to last post for a cliff’s note if you don’t want to read)(quick thread) pic.twitter.com/fzKxm13kSw

Amazon Stock Forecast: AMZN Social Media Sentiments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Net Sentiment
Last 24 hours
19.4%
11.7%
Positive
Last 7 days
19.1%
14.5%
Positive

Amazon Stock Forecast: Latest Crowd’s Videos

AMZN STOCK PREDICTION JANUARY 6th 2021 🚀 | AMAZON STOCK ANALYSIS | AMAZON MULTI BAGGER STOCK #AMZN

Amazon Stock Forecast: Q3 results

  • On Thursday, Internet giant Amazon’s (AMZN) Q3 results were declared and it caused some discomfort among investors as results did not meet street expectations.
  • Amazon top executives have pegged it to supply chain constraints and labour shortage issues.
  • The company reported net sales of $110.8 billion, although there was increase of 15 percent year on year, but it fell short of $111.6 billion expectations.
  • Earnings per diluted share came at $6.12, down by more than 50.5 percent of $12.37 per diluted share from the same period last year.
  •  In the fourth quarter also, operational cost is expected to double from $ 2 billion to $4 billion due to shortage of labour, increased wage costs and disruptions in global supply chain.
  • However, AWS (Amazon web services) results were good and revenues soared by more than 39 percent year on year for the same period.

Amazon Stock Forecast –Plethora of growth opportunities in the near future

  • Amazon plans to build large chain of offline physical store and is headed for battle against Walmart. It brightens the stock’s perspective for long term investment.
  • Amazon physical outlet store which will debut in Ohio and California are nearly one third the size of conventional Walmart stores and still it is a long way to go for Amazon
  • On 28 Sept. Amazon introduced a number of new electronic gadgets, including smart displays and home robot
  • Amazon first robot is called” Astro” which will act as security guard, companion and mobile smart display. It brings together artificial intelligence, computer vision and voice and edge computing. 
  • In addition, Amazon is also taping for $350 billion market for prescription drugs. The company led to the disappointment of drugstores and drug whole sellers late last year when it launched Amazon Pharmacy
  • The unit is expected to offer 80 percent discount on generic drugs and 40 percent on brand medications.

Read: DWAC Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Vineet Agarwal

Amazon Stock Price Prediction: AMZN Down by Over 2% in Last 5 Days

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