- Amazon.com, Inc. (NASDAQ:AMZN) stock has been trying to sustain after a dip from the $113 level in February 2023, AMZN stock price might break out now, says analysts.
- AMZN share price has slipped below 20, 50, 100 and 200-days Daily Moving Average.
- Amazon.com (NASDAQ:AMZN) has been trying to sustain and look for a bigger jump over the charts while cost-cutting continues at the e-commerce and cloud services vendor Amazon.
AMZN stock price has gained around 7.95% year to date hinting towards the bigger jump during 2023 analysts also confirmed. AMZN share price needs to revert back towards the primary resistance level of $100 as it signals for recovery over the charts. Amazon stock prices might leave the consolidation phase from $100 primary resistance level in order to maintain its dignity among other e-commerce and cloud services providers. However, Amazon stock price history suggests a roller coaster ride for AMZ share price over the daily time frame chart.
Amazon stock price target indicates the recovery of the shares price towards the $130 maximum recovery level during 2023. Analysts also believe AMZN stock price to surge significantly by the end of 2023. Amazon stock price prediction also confirms the speculations regarding AMZN share price to be valued near $150.
Amazon stock price was at $92.25 and has lost 1.78% of its market capitalization during Thursday’s trading session. Trading volume can be seen at average and under full influence of sellers on Thursday. However, technical analysts believe AMZN stock price may revert back initiating its recovery phase by the opening of Friday’s trading session.
Amazon stock price history showcases a significant dip of the Amazon share price through an interesting roller-coaster ride over the charts. However, Amazon stock prices might initiate its recovery as soon as it leaves from the consolidation phase. Meanwhile, Amazon share price needs to attract more buyers in order to surge towards the upper price range of the consolidation phase.
Amazon Stock Price Prediction 2025 – AMZN Stock Price
Amazon stock price prediction 2025 suggests the recovery of AMZN stock price above $200 per share setting a benchmark of recovery. Fib-retracement also highlights some interesting levels to be added in the Amazon stock price prediction 2025:
Amazon stock price prediction 2025 includes some interesting levels to be attained by Amazon stock prices. AMZN stock price might reach the $106 first milestone according to the fib retracement by mid 2023 and surge from the $150 recovery level by the end of 2023. Moreover, some more levels in between are $122, $135 and $147 these are the milestones to be covered for Amazon stock prices to rally towards the $150 recovery level by the end of 2023.
Amazon stock price prediction also forecast the recovery level of $165 as highlighted by Feb retracement and AMZN share price might reach there by the mid 2024. Moreover, Amazon stock price may end 2024 with $188 to reach the $200 level by the mid 2025.
Amazon Stock Prices: Technical Indications
Amazon stock price history suggests an interesting roller-coaster ride of AMZN stock price during 2022. Technical indicators suggest the downtrend momentum of Amazon share price.
Relative Strength Index showcases the downside trend of Amazon stock price. RSI was at 41 and is moving towards the oversold territory. MACD exhibits the downward momentum of AMZN shares. The MACD line is below the signal line after a negative crossover. Investors in Amazon.com (NASDAQ: AMZN) need to wait until the Amazon share price initiates the rally from $100 primary resistance level.
Summary
AMZN stock price has gained around 7.95% year to date hinting towards the bigger jump during 2023. Amazon stock price target indicates the recovery of the shares price towards the $130 maximum recovery level during 2023. Amazon stock price history showcases a significant dip of the AMZN stock price through an interesting roller-coaster ride over the charts.
Amazon stock price prediction also forecast the recovery level of $165 as highlighted by Feb retracement and Amazon stock price might reach there by the mid 2024. Technical indicators suggest the downtrend momentum of Amazon share price. Investors in Amazon.com (NASDAQ: AMZN) need to wait until the Amazon stock price initiates the rally from $100 primary resistance level.
Technical Levels:
Resistance Levels: $100.00 and $115.00
Support Levels: $90.00 and $85.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/03/10/amazon-nasdaq-amzn-amzn-stock-price-is-up-7-95-year-to-date/