Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Amazon's stock rose 0.53% in the last session after the support of 3,072 held on, as the stock still suffers from negative pressure from the 50-day SMA, while hurt by piercing the main upward medium-term trend line, with negative signals from the RSI.
Therefore we expect the stock to return lower, targeting the support of 2,863, provided the support of 3,072 was breached.
Expected trend for today: Likely Bearish