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Amazon.com Inc Trading Signal - AMZN

US Stock Price Signals and Analysis

Good Morning Traders,

With the close on Friday, October 07,  Lift-Off offers a SHORT trading signal on the US stock Amazon.com Inc (Ticker: AMZN) listed on the NASDAQ and part of the S&P500 and NASDAQ index.

The stock closed at $114.56 per share, marking -4.77%.

The company is operating in the "Retailing" industry particularly in the "Retail Internet Industry"

The company is one of the most well-known and capitalize in the world, the financial robustness data good, as some data are not mediocre, also some profitability data, which remains very high, however, are low compared to competitors in the same industry.

Future growth projection is very high,

Right now, the price is very undervalued compared to the intrinsic value attributed to it.

Turnover is growing year on year, negative net income in Q1'22 and Q2'22 after record Q4'21, while debts are increasing since 2019, but with Q1'22 and Q2'22 debts have increased with a decrease in liquidity.

Next earnings announcement for Q3 2022: October 27, 2022

Below chart of Amazon.com Inc - AMZN - with signal detected by Lift-Off 

Some information Amazon.com Inc

Amazon.com Inc is a multinational technology company engaged in the provision of online retail shopping services. 

It operates in North America which includes retail sales of consumer products and subscriptions through North American-focused Web sites such as www.amazon.com and www.amazon.ca, Internationally it is engaged in retail sales of consumer products and subscriptions through Web sites, Amazon Web Services which includes global sales of computing, storage, database and AWS service offerings for start-ups, enterprises, government agencies and academic institutions. 

The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Financial Overview: AMZN's current market capitalization is $1,167T USD. The next earnings release date for Amazon.com, Inc is Oct. 27. The estimate is $0.22 USD.

Accounts, including revenue, expenses, profit and loss: AMZN's total revenue for the latest quarter is $121.23B USD, up 4.11% from the previous quarter. Net income in Q2 22 is -2.03B USD.

Overview data and accounts source: Tradingview.com

Signal Board October 10, 2022

SHORT - Amazon.com Inc - AMZN

Input price: $114.56 (and any opening price)

Price stop loss or adjustment zone: $125.00

Price take profit zone 1: $105.70