AMAZON (#AMAZON) weekly special report based on 1 Lot Calculation:
AMAZON: THE COMPANY
Amazon is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world.
AMAZON: ARTIFICIAL INTELLIGENCE
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One of Amazon’s biggest focuses is in cloud computing, where the company’s Amazon Web Services is a market leader with 34% of market share, ahead of Microsoft Azure (24%), Google Cloud (10%) and Alibaba Cloud (5%).
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The Cloud industry is expected to grow at a compounded annual growth rate of 17.9% until 2028, to $791.49B, with Amazon Web Services set to maintain dominance. AWS is heavily focused on AI and aims to serve customers' every AI need, offering them chips and a fully managed LLM service called Amazon Bedrock, as well as a variety of AI apps.
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Innovations in Amazon Web Services. AWS continues to innovate with its Graviton4 processor, which delivers significant performance and efficiency improvements, and the Olympus AI model, a generative AI capable of processing images, videos, and text to enhance multimedia search capabilities. Collaborations like the quantum technologies project with Telefónica Germany highlight AWS's focus on the future of networking and 6G.
AMAZON: ANALYSIS AND EVENTS
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EVENT: AWS re:Invent 2024 (December 2–6). This event brings together AWS customers, technologists, and other stakeholders to discuss the latest advancements in cloud computing, with a significant focus on artificial intelligence this year.
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EVENT: HOLIDAY SEASON (December). With significant holiday sales events, including Black Friday and Cyber Monday extending into December, the company experiences heightened consumer demand and increased revenue. This period is crucial for Amazon's financial performance, often reflecting positively on its stock price.
Historical December Stock Performance
Please note that past performance does not guarantee future results
On average, Amazon's stock price has increased by 10.45% in December over the last five years. This consistent growth underscores the impact of holiday sales and consumer spending on the company's valuation. Promotions like "12 Days of Deals," exclusive Prime offers, and free shipping incentives have played a key role in driving December revenue and, in turn, stock performance. However, the price could decline further.
AMAZON: PRICE ACTION
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THE STOCK HIT AN ALL TIME HIGH OF $215.9 ON NOVEMBER 14, 2024. However, the price could decline further.
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ANALYSTS OPINION: JP Morgan forecasts $285, Trust Securities forecasts $270. Citi forecasts $252.
#AMAZON, December 03, 2024
Current Price: 211
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Amazon |
Weekly |
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Trend direction |
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285 |
|
|
260 |
|
|
240 |
|
|
195 |
|
|
190 |
|
|
185 |
Example of calculation based on weekly trend direction for 1.00 Lot1
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Amazon |
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Pivot Points |
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Profit or loss in $ |
7,426.00 |
4,926.00 |
2,926.00 |
-1,574.00 |
-2,074.00 |
-2,574.00 |
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Profit or loss in €² |
7,059.19 |
4,682.68 |
2,781.47 |
-1,496.25 |
-1,971.55 |
-2,446.86 |
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Profit or loss in £² |
5,862.12 |
3,888.61 |
2,309.80 |
-1,242.52 |
-1,637.23 |
-2,031.93 |
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Profit or loss in C$² |
10,424.14 |
6,914.80 |
4,107.33 |
-2,209.48 |
-2,911.35 |
-3,613.21 |
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1.00 lot is equivalent of 100 units
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Calculations for exchange rate used as of 11:15 (GMT) 03/12/2024
There is a possibility to use Stop-Loss and Take-Profit
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You may wish to consider closing your position in profit, even if it is lower than the suggested one.
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Trailing stop technique could protect the profit