AMZN

AmazonConsumer Discretionary

$232.11-0.66%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$232.11

MAYJUNJUL

Profit from Descending Triangle?

AMZN is showing a classic Descending Triangle. Don't miss the move.

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Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:1

Entry

$225.55

Stop

$258.08

Target

$193.02

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Market Analysis

Traders are watching Amazon (AMZN) as price action tightens. Currently at $232.11, the asset is showing downward momentum (-0.66%). The primary technical feature is a Descending Triangle formation. This setup is supported by average volume turnover. A potential breakout level is identified at $225.55, targeting $193.02 with support near $258.08 (R:R 1.0).

Community Sentiment

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Peer Analysis

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Pattern Peers

Keys Descending Triangle Lvs Descending Triangle Msft Descending Triangle Wmt Descending Triangle Amt Descending Triangle