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Amazon Stock Price Forecast and Analysis

Stocks
By Shady Fouad
Amazon Stock Price Forecast and Analysis
0 1

Amazon

امازون 18-12-2024

Prices are moving within a sideways range in the short term between the resistance zone at $3550 and the support zone at $3375. This sideways movement is likely to continue during today’s trading session, with a potential retest of the $3375 zone followed by a rebound to the upside. This scenario will be invalidated if the aforementioned support zone is broken to the downside.

BETA

 1.16

P/E

49.54
EPS

4.67

Amazon’s stock (AMZN) experienced a slight decline, with the share price dropping to $231.15, down by $1.81 (0.78%) compared to the previous close.

This decline is attributed to profit-taking by investors following recent gains, along with concerns over slowing growth in the e-commerce sector. However, long-term prospects remain positive, especially with the company’s continued expansion in cloud computing and artificial intelligence.

Investors are advised to monitor upcoming financial reports and market trends to assess the stock’s future performance.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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