Technical analysis by The_STA about Symbol AMZNX on 8/22/2025

On the weekly chart, Amazon looks like it’s starting to tire a bit. Price is struggling just under that January high near 24,252. Looking at the Ichimoku Cloud: •In mid-2023, price broke strongly above the cloud and bounced cleanly higher after retests. •More recently (spring 2025), we had a decent correction but bounced again. •Now, instead of bouncing hard, price is just sitting on top of the cloud — feels weaker than before. On the daily chart: •The 200-day moving average has been a line in the sand since May. Several successful tests and bounces. •Currently, price is hugging the daily cloud. •If we see erosion near 219–220(top of the cloud), a quick dip back to the 200-day MA (~21,280) is very possible. •A close below that could signal a potential top forming. ⚠️ For me, this uptrend feels a little tired — worth keeping an eye on and possibly tightening stops if you’re in the trade. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.