As of May 22, 2026, AMZN (Amazon.com, Inc.) is in a uptrend state on the daily chart, with a confidence level of 67%. Key support is at $249 and key resistance at $275. After a sharp breakout from the $220-$230 base, price pulled back from the ~$275 area and is consolidating above the rising EMA20/EMA50; RSI cooled to ~58.
Bullish continuation: pullback holds above EMA50/SMA50 zone, then pushes back to retest the prior high and attempt a breakout to new highs (Elliott view: wave 4 consolidation followed by wave 5 attempt).
Bearish mean-reversion: failure to reclaim $272-$275 leads to a breakdown below EMA50, rotating to EMA100 and then the major $230-$231 long-term cluster (EMA200/SMA200) (Elliott view: larger degree wave 4 deepening).
Daily close back above $272 with follow-through (2+ closes holding) would confirm trend continuation
Daily close below $249 would weaken the uptrend and raise odds of a deeper mean-reversion toward $239-$231
Start near EMA50/SMA50 support; add at EMA100 confluence; heavy add only at the major EMA200/SMA200 retest where prior breakout base support should matter most.
Trim into likely extension zones above the prior high (possible fib extensions of the breakout leg); increase trimming as price gets farther stretched from the rising long-term MAs and sentiment/RSI typically overheats.
As of May 22, 2026, AMZN (Amazon.com, Inc.) is in a uptrend state on the daily chart with 67% confidence. After a sharp breakout from the $220-$230 base, price pulled back from the ~$275 area and is consolidating above the rising EMA20/EMA50; RSI cooled to ~58.
On the daily timeframe, AMZN has key support at $249 and key resistance at $275. The most likely scenario (bullish) targets $275 and $288, with a revert level at $258.
AMZN (Amazon.com, Inc.) is currently classified as uptrend on the daily chart, with 67% confidence. Confirmation requires: Daily close back above $272 with follow-through (2+ closes holding) would confirm trend continuation This would be invalidated by: Daily close below $249 would weaken the uptrend and raise odds of a deeper mean-reversion toward $239-$231
The most likely scenario (bullish) targets $275 and $288, with a revert level at $258. The alternative scenario (bearish) targets $239 and $231.
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