AMZN 2020-09-20 Technical Analysis and Forecast


AMZN Report

Sample Size: 3; Percent Error: 20%

Current Trend Performance

AMZN is -19.51% from monthly high, 9.29% from monthly low, -5.61% from 10 day simple moving average, -9.55% from 20 day simple moving average, and -7.1% from 50 day simple moving average.

Forecast Ranges

Day 1:
The highs are 2995.91, the lows are 2954.91, and the median is 2975.41. 100.0% to increase between 0% - 3.4%.
Day 2:
The highs are 2972.65, the lows are 2880.2, and the median is 2926.43. 33.33% to decrease between -3.4% - 0%. 66.67% to increase between 0% - 3.4%.
Day 3:
The highs are 2975.88, the lows are 2864.91, and the median is 2920.39. 33.33% to decrease between -3.4% - 0%. 66.67% to increase between 0% - 3.4%.
Day 4:
The highs are 2983.22, the lows are 2823.61, and the median is 2903.41. 33.33% to decrease between -6.8% - -3.4%. 33.33% to decrease between -3.4% - 0%. 33.33% to increase between 0% - 3.4%.
Day 5:
The highs are 3096.88, the lows are 2864.6, and the median is 2980.74. 66.67% to decrease between -3.4% - 0%. 33.33% to increase between 3.4% - 6.8%.
Day 6:
The highs are 3124.32, the lows are 2832.04, and the median is 2978.18. 33.33% to decrease between -6.8% - -3.4%. 33.33% to decrease between -3.4% - 0%. 33.33% to increase between 3.4% - 6.8%.
Day 7:
The highs are 3094.51, the lows are 2844.58, and the median is 2969.55. 33.33% to decrease between -6.8% - -3.4%. 33.33% to increase between 0% - 3.4%. 33.33% to increase between 3.4% - 6.8%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 2854.44 and 2887.93. There is possible resistance range between 2988.4 and 3055.38. Areas of uncertainty are beyond 2822.09 and beyond 3124.64. Minimum movement range is 3.4%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.