Technical analysis by BullBearInsights about Symbol AMZNX on 12/17/2025

AMZN is still stuck in a tight intraday compression, and price is telling a very clear story here. On the 15-minute chart, structure remains weak with lower highs pressing into a declining trendline. Every attempt to push higher has been sold quickly, which tells me buyers are hesitant to step in aggressively at these levels. Price continues to accept below the 223–224 zone, which has acted as a short-term balance area. As long as AMZN stays capped below this region, upside follow-through remains limited and rallies look more like liquidity grabs than real breakouts. The failure to reclaim and hold above that zone keeps the bias neutral-to-bearish intraday. The lower side is more interesting. The 221–220 area has been tested multiple times and continues to act as near-term support. Each bounce has been weaker, which increases the risk of a breakdown if sellers press with volume. A clean loss of 221 opens the door for continuation toward the 218–215 range, where deeper demand and prior liquidity sit. Now layering in GEX, the options landscape lines up well with what price is doing. The highest positive gamma and call resistance sit overhead around the 230 zone, which explains why upside attempts are getting pinned well before any meaningful expansion. Dealers are likely hedged in a way that dampens upside volatility unless price can force acceptance above that level. On the downside, the strongest PUT support and negative gamma zones begin to show below 220. That’s important — if AMZN slips into that area, downside movement can accelerate quickly as hedging flows start to work against price instead of stabilizing it. This is the area where intraday volatility can expand instead of compress. From a trader’s perspective, this remains a patience environment. Long setups only make sense on a clean reclaim and hold above 224 with momentum. Until that happens, rallies into resistance are suspect. Short-side continuation becomes more attractive if price loses 221 with acceptance, targeting the lower PUT-heavy zones. Right now, AMZN is not trending — it’s compressing. The next move will likely come from a break of this tight range, and GEX suggests that once it moves, it won’t be subtle. Bias: Neutral → Bearish
Key resistance: 223–224, then 230
Key support: 221, then 218–215 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately.