Skip to content
GET STARTED
Loading...
✨ Become a Member and get full access!
Stocks

Amazon – Technical Analysis

•
Amazon Long Term Open Articles
555

Since our May 12 call, Amazon has declined 11% and is now down about 15% from the top. Several newly recorded signals may now question whether the decline is ready to continue without interruption. Let’s take a closer look.

Amazon’s importance goes far beyond its own chart. As a heavyweight component of both the S&P 500 and Nasdaq, AMZN can meaningfully influence index momentum, market breadth, and overall risk appetite. That makes the current setup relevant not only for Amazon holders, but for the broader market as well.

Ending Diagonal

Amazon has developed a few technical signals that put a question mark on the Ending Diagonal formation. While that scenario remains on the table, I am now also tracking the 2025–2026 structure as a possible significant ABC correction of some degree. In that case, Amazon has a chance to stop the decline and reverse. The potential path for such a move is outlined on the chart below.

There are two critical levels. A breakdown below the red level would invalidate a larger potential green impulse 1–5. A breakout above the green level would invalidate a potential impulse down and open a path to a new ATH.

This is truly an inflection point. Technicals suggest a bounce is coming on multiple hourly frames. If that bounce develops in an impulsive manner and is supported by a solid bullish reversal candle, it could mark a short- to mid-term bottom.

I think it would be prudent to wait for a newly confirmed direction.

Amazon Long Term Open Articles
555
Read Next
Commodities
Oil – Daily Analysis
Oil moved lower and is now on the verge of invalidating a large structure. Tomorrow’s close will be crucial across multiple frames. In today’s Oil Daily Analysis, we will focus mostly on the long-term probabilities and the key scenarios for tomorrow. We will also define the technical conditions that would favor either continuation of the […]
US Indices
SP500 – Daily Analysis
There are moments when candles become almost irrelevant. I think this may be one of them. The market has been going to the moon—but, as Pink Floyd reminded us, there is always a Dark Side of the Moon. And after a long climb, the more important question may no longer be how high SPX can […]
Commodities
Natural Gas – Daily Analysis
Natural Gas is entering another decision point, with the recent advance leaving less room for hesitation. In today’s Natural Gas Daily Technical Analysis, we look at the broader technical structure, momentum, key levels, and Elliott Wave roadmap to assess whether Natty still has enough fuel for another leg higher—or whether the market is preparing for […]