Score 7.4 (out of 10): AMAZON.COM INC sets up for 3.7% rally in 2 weeks

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Insight:

AMAZON.COM INC has reached a new shorter-term high. Previously, during similar occasions, AMAZON.COM INC shares had a median return of +3.7%, over the following 2 weeks – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for AMAZON.COM INC received a high score of 7.4 (out of 10). This insight was generated on 2021- November-4 with last price of 3477. AMAZON.COM INC is in the E-Commerce/Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 17.3% more (average). Ticker symbol: AMZN US.

Details:

NameAMAZON.COM INC
ViewUp
Star (1 to 10)7.4
Target+3.7%
Time2 weeks
Hit Rate80%

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

1% (August-2021), 3% (June-2021), 4.5% (April-2021), 0.6% (December-2020), 5.6% (August-2020), 7.5% (June-2020), 19.8% (April-2020), 6.3% (January-2020), -3.8% (November- 2019), -1% (September-2019).

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