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 declined 0.08% in the last session on profit-taking, while gathering momentum to help it rise anew, as the stock vents off overbought saturation in the RSI, settling at 3,444.15, amid positive support from the 50-day SMA, while hurt by piercing the downward correctional trend line.
Therefore we expect the stock to return higher, targeting the first resistance at 3,548, provided it holds above 3,389.
Expected trend for today: Bullish