AMZN ends the day on a bullish note closing near the high of the day


Amazon.com Inc. (AMZN) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

AMZN closes above its opening price after recovering from early selling pressure
AMZN closes higher for the 7th day in a row
AMZN ends the day on a bullish note closing near the high of the day
AMZN pushes through previous session high
AMZN rises to highest close since Inception

Overview

Moving higher for the 7th day in a row, AMZN ended the week 5.99% higher at 1813.03 after gaining $16.41 (0.91%) today. Today's closing price of 1813.03 marks the highest close since Inception. Trading up to $8.71 lower after the open, the stock managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Thursday's high at 1798.00, the market confirms its breakout through the previous session's high having traded $17.29 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (AMZN as at Jul 13, 2018):

Daily technical analysis candlestick chart for Amazon.com Inc. (AMZN) as at Jul 13, 2018

Friday's trading range was $20.07 (1.11%), that's below last trading month's daily average range of $31.72. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

With three out of the other four FAANG Stocks closing higher today, the ones that stand out on the positive side are GOOGL gaining 0.26% and FB closing 0.19% higher. On the flipside the worst performer has been NFLX closing -4.28% lower. Read more


Market Conditions for AMZN as at Jul 13, 2018

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