AMZN Weekly Technical Analysis
Amazon.com Inc.
Global e-commerce leader with major cloud services via Amazon Web Services.
AMZN Technical Analysis Summary
AMZN is currently undergoing a severe technical correction, having broken sharply below its 20-week and 50-week moving averages, shifting short-term momentum to bearish. A bounce is currently underway from the ~200 level, but it faces immediate overhead resistance at the 50-week SMA. For long-term investors, the primary uptrend remains intact as long as the critical support zone near the 200-week SMA (~165) holds.
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AMZN Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a sharp multi-week decline, breaking below both the 20-week and 50-week SMAs. Momentum is negative with a bearish MACD crossover and RSI dropping below 50, indicating a strong corrective phase.
Long-term Sentiment (weeks to months): Bullish
Despite the severe recent correction, the broader macro structure remains an uptrend. The 50-week SMA is positioned well above the rising 200-week SMA, and the price remains substantially above the 200-week SMA support level.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:33:32.726Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $200.00 | $195.00 - $205.00 | Strong | Recent swing low and origin of the current weekly bounce attempt. |
| $165.00 | $160.00 - $170.00 | Strong | Major structural support zone aligning with the rising 200-week SMA and previous consolidation highs from late 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $220.00 | $215.00 - $225.00 | Strong | Immediate overhead resistance consisting of the broken 50-week SMA. |
| $230.00 | $225.00 - $235.00 | Strong | Resistance zone near the declining 20-week SMA and previous breakdown level. |
| $270.00 | $265.00 - $275.00 | Strong | Recent major swing high / peak before the significant correction. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Trend Breakdown | Bearish | N/A | The sustained multi-year uptrend structure has suffered technical damage with consecutive large weekly red candles breaking below key short-to-medium term moving averages. |
Frequently Asked Questions about AMZN
What is the current sentiment for AMZN?
The short-term sentiment for AMZN is currently Bearish because Price has experienced a sharp multi-week decline, breaking below both the 20-week and 50-week SMAs. Momentum is negative with a bearish MACD crossover and RSI dropping below 50, indicating a strong corrective phase.. The long-term trend is classified as Bullish.
What are the key support levels for AMZN?
StockDips.AI has identified key support levels for AMZN at $200.00 and $165.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is AMZN in a significant dip or a Value Dip right now?
AMZN has a Value Score of 35/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.