Amazon dominated by downward correctional trend - Analysis - 11-03-2021

Economies.com
2021-03-11 10:17AM UTC

Amazon's stock (AMAZON) fell 0.17% in the last session amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, countered with positive signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 2,877. 

 

Expected trend for today: Bearish 

Stocks Technical Analysis

United States Analysis

Stocks

Broadcom price breaches upside trend line - Forecast today - 19-04-2024
2024-04-19 13:26PM UTC
Broadcost’s stock price (AVGO) fell in the intraday levels and trespassed the support of the ...
United States Analysis

Stocks

Apple price extends losses - Forecast today - 19-04-2024
2024-04-19 13:26PM UTC
Apple’s stock price (AAPL) kept falling in the intraday levels, amid negative pressure from ...
United States Analysis

Stocks

Affirm price tries to recoup some losses - Forecast today - 19-04-2024
2024-04-19 13:26PM UTC
Affirm Holdings’ stock price (AFRM) advanced in the intraday levels amid negative pressure ...