AMZN Weekly Technical Analysis
Amazon.com Inc.
Global e-commerce leader with major cloud services via Amazon Web Services.
AMZN Technical Analysis Summary
AMZN remains in a strong long-term structural uptrend, supported by rising 50-week and 200-week moving averages. However, the short-term picture has deteriorated with a sharp bearish reversal on high volume, suggesting a pullback or consolidation phase has begun. Key immediate support to watch is the 230-235 zone where major moving averages converge.
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AMZN Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The most recent weekly candle is a large red reversal candle on elevated volume, indicating strong selling pressure. RSI has turned down sharply from near-overbought levels, and MACD histogram momentum is decreasing.
Long-term Sentiment (weeks to months): Bullish
The broader trend remains clearly upward, with the price making higher highs and higher lows over the past year. Price is well above the rising 50-week and 200-week SMAs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-06-06T09:01:32.819Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $232.50 | $230.00 - $235.00 | Strong | Confluence zone of the rising 20-week SMA (middle Bollinger Band) and the 50-week SMA, along with prior price consolidation. |
| $205.00 | $200.00 - $210.00 | Strong | Previous major swing lows and a significant area of structural support before the recent leg up. |
| $172.50 | $170.00 - $175.00 | Strong | Long-term support aligned with the rising 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $285.00 | $280.00 - $290.00 | Strong | The recent swing high and peak where the current heavy sell-off originated. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Engulfing / Reversal | Bearish | N/A | The most recent large red weekly candle effectively engulfs the previous week's price action on higher volume, occurring after an extended uptrend, signaling a potential short-term top. |
Frequently Asked Questions about AMZN
What is the current sentiment for AMZN?
The short-term sentiment for AMZN is currently Bearish because The most recent weekly candle is a large red reversal candle on elevated volume, indicating strong selling pressure. RSI has turned down sharply from near-overbought levels, and MACD histogram momentum is decreasing.. 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 $232.50 and $205.00. 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 33/100. 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.