Score 7.9 (out of 10): AMAZON.COM sets up for -5.8%% drop in 1 month

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What’s Going On Here?

AMAZON.COM has reached a new medium term high. Previously, during similar occasions, AMAZON.COM shares had a median return of -5.8%, over the following 1 month – based on 10 historical occasions with 8 of those showing negative returns (80% hit ratio). This sell signal for AMAZON.COM received a high score of 7.9 (out of 10). This insight was generated on 2023-April-27 with last price of 109.82.

AMAZON.COM is in the E-Commerce/Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: AMZN US.

Historical Chart:

-9.8% (January-2023), -4.6% (August-2022), -14.4% (April-2022), -3.7% (November-2021), 2.4% (June-2021), -7% (April-2021), -7% (February-2021), 4.6% (April-2020), -0.6% (January-2020), -7.8% (July-2019).

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 103.44 (-5.8%) has been reached. Based on AMAZON.COM’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 114.42 (last price at 109.82), which is equivalent to a 4.2% rally.

Historical Chart:

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