Amazon stock rises 2.44% but trades below its $251.59 20-session EMA
Photo: The Cryptonomist
Amazon stock carries a neutral-to-bearish daily bias despite its intraday gain. Price sits above the 200-session exponential moving average, but below the shorter daily averages. The hourly chart reinforces that overhead resistance, although its MACD offers a counterweight to the bearish structure. Key takeaways Amazon stock was trading at $246.22 as of 15:54 ET, up 2.44% vs the previous close. The daily 200-session EMA at $245.66 sits below price; the 20-session EMA at $251.59 and 50-session EMA at $253.22 remain overhead. Daily RSI14 is at 44.42, below the neutral 50; the daily MACD histogram is -1.39.
Source: The Cryptonomist
