Second Opinion ® Weekly: AMAZON.

COM (AMZN)
Report created after market close on 12/18/20

AVOID ®
Downgraded
From Neutral on 12/14/20
$3116.42
Price At Downgrade
2.7%
Change Since Downgrade
5 Days
At Current Rating
MarketEdge Second Opinion

Weekly Recommendation Annual Chart

Avoid the stock.

Stock is Not a Short Sale Candidate.
If you are Long; close position or monitor stock closely.
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Week's Activity (Close as of week ending 12/18/20)

Close 3201.65 Change 85.23 Volume 55509

Open 3143.96 High 3263.51 Low 3126

MarketEdge Indicators

Score 1 C-Rate 0 Power Rating -42

Weekly Comment

There have been positive signs in some of the indicators suggesting that the stock has bottomed. Look for improvement in trend following
indicators such as MACD-ST or short term moving averages for con rmation that a new uptrend is beginning. A break above resistance numbers
would also con rm that higher prices are in the near term outlook. The stock is underperforming the market over the last 50 trading days when
compared to the S&P 500. A close above $3328.40 is a number to watch to con rm a trend reversal. Momentum as measured by the 9-day RSI is
gaining in strength. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50
trading sessions, there has been more volume on down days than on up days, indicating that AMZN is still under distribution, which is a bearish
condition. The stock is trading above a rising 50-day moving average which con rms the improving technical condition. AMZN is above its rising
200-day moving average which is pointed up adding to the stocks improving technical condition.
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Price Analysis Volume Analysis Technical Analysis

Yr. High/Yr. Low 3552.25 1626.03 Avg Volume(00) 34747 Alpha/Beta 0.21 0.68
MO Chg.(%) 2.7% MO Chg.(%) -29.8% B.Bands 4
Trend Line Resistance 0 U/D Ratio/Slope 0.9 Down MACD ST/LT Bullish Bearish
Trend Line Support 1858.19 On Balance Volume Bearish 50-Day R.S. 0.91
Buy Stop 3328.40 Positive OBV Bullish Wilder's RSI 58
Volatility(%) 1.9 Negative OBV Bearish Sto. Fast/Slow 55 81
Position 69 Money Flow (MF) 46 OBOS -2
ADXR 12 MF Slope Bullish RSV 73

Moving Average Price % Slope

10 Day 3165.82 101 Up

21 Day 3162.50 101 Up

50 Day 3186.18 100 Up

200 Day 2819.23 114 Up

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