2026-07-23
AMZN: Technical Signal Shifts to Strong Bearish
AMZN closed at $233.66 today, reflecting a daily decline of 4.57%. This movement triggered a reversal in the composite technical signal, which shifted from bullish yesterday to a Strong Bearish reading of -40.6/100. The price action successfully crossed a detected support/resistance level during the session, underscoring the shift in sentiment. Momentum indicators provide a conflicting view, as RSI sits at 38.6 while Stochastic %K, CCI, and Williams %R are all in oversold territory. Despite these oversold signals, the composite trend score remains at the absolute floor of -100.0/100.
The stock is currently positioned 0.9% below its nearest resistance at $235.69, a level characterized by 16 historical touches. Conversely, the nearest support stands at $219.81, which is 5.9% below the current price and has been tested 35 times. Structurally, the price remains below the 200-day moving average, with the 20-day average trending below the 50-day average. While Bollinger band positioning is at 11% and volume analysis shows an OBV divergence with price falling alongside volume, these metrics do not indicate a specific price direction or future outcome. The data simply captures the current alignment of moving averages, SAR, and volume flow relative to the established price structure.
| Category | Score |
|---|---|
| Trend | -100.0/100 |
| Momentum | +65.0/100 |
| Volume | -32.5/100 |
| Price Structure | -60.0/100 |
| Key Indicator | Value |
|---|---|
| Nearest Resistance | $235.69 |
| Nearest Support | $219.81 |
| RSI (14) | 38.6 |
| Stochastic %K (14) | 6.2 |
| CCI (20) | -125 |
| Williams %R (14) | -94 |
The prevailing technical posture is heavily weighted toward the bearish side, particularly regarding trend and price structure. Although momentum indicators suggest oversold conditions, they exist within a framework where the Parabolic SAR remains above the price and the MACD histogram is negative. These figures represent the state of the ticker at the close of the current session.