Open buy, week 3
Amazon stock slips 1.5% but the buy signal holds as structure stays aligned
Our view last week
Amazon stock closes the week down 4.3%, and beneath the surface the picture gets trickier: buyer dominance is collapsing, and the last weekly candle shows sellers clearly in charge, in a distribution phase. The buy signal, which fired 2 weeks ago, still holds: the structural moving averages stay aligned and the weekly MACD is improving. The stock is still hugging its all-time highs, with little room to run: Amazon's technical analysis calls for caution on any fresh entry.
This week's summary
Amazon stock slips 1.5% this week, and the price action leaves clear marks: 4 lower highs on the daily chart, contracting volumes, and sellers dominant on the last bar, in a full distribution phase. The buy signal, which fired 3 weeks ago, still holds: the structural moving averages stay aligned and the weekly MACD remains above its Signal line. Amazon's technical analysis calls for caution, without adding weight until a pullback shows up.
IQS Phase
48
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#83 / 167
US stocks in progress
Trade P&L %
-4.77%
from signal to date, no stop loss
Rank position
ranks 83rd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
AMZN belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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