If you want to invest in or buy Amazon stock and wonder what the right price to start accumulating Amazon is, then you are at the right place. As we go through the analysis, we will determine different patterns and how Amazon reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into the Amazon price analysis and explore different opportunities arising from it.
Amazon Price Analysis of May 3, 2025
Amazon began the session with a gap-up, opening at $191.48 above its previous close of $189.82. However, the initial upward sentiment quickly faded as price action reversed and moved lower, forming the day’s low at $186.75 by 13:50 UTC, confirmed by a death cross of MACD. Oversold signals followed as RSI dropped below 30, hinting at a short-term reversal or pullback. Price rebounded and began forming clear intraday structures such as channels and ranges, with momentum signals from MACD and RSI marking each turning point. The session unfolded with failed breakouts and limited follow-through, reflecting a consolidating and indecisive market.
Chart 1: Analysed by vallijat007, published on TradingView, May 3, 2025
The Amazon price opened at $191.48, which was above its previous close of $189.82, indicating a gap-up opening. The price quickly moved to the downside, marking the low for the day at 13:50 UTC, supported by a death cross of MACD. Amazon stock created a support zone at $186.75. In the meantime, at 13:45 UTC, RSI dropped below the level of 30, indicating oversold market conditions and suggesting a reversal or at least a pullback.
A price channel developed as the price increased. The breakout above occurred at 15:05 UTC as MACD produced its first golden crossover while providing support. The market prices grew rapidly to reach $192.88 as the daily high and established a resistance point at $192. RSI rose past 70 at 16:20 UTC, which revealed market conditions had become overbought, which signified that price might slow down or reverse direction.
Amazon’s False Breakout Trap: Traders Await Clear Direction
Amazon formed a small range, which broke out to the downside at 16:55 UTC, supported by a death cross of MACD. Price dipped and formed a minor downward-moving channel. The channel broke out to the upside at 17:25 UTC, but the Amazon breakout failed to produce a significant rally. Instead, another small range appeared, which again broke out to the upside at 18:05 UTC, supported by a golden cross of MACD. However, the price again failed to rally, and another range was formed.
This third range broke out to the downside at 18:45 UTC, supported by a death cross of MACD. Price dipped but failed to form a defined trend, and instead another narrow range appeared. The price closed within this range at $189.95. The Amazon price is currently consolidating between a resistance area at $192.50 and a support area at $186.50. For Amazon to establish a strong trend, one of these two critical levels must be broken with strong momentum. Until then, the stock is likely to remain in its consolidation phase.
The Patience Game Until Clear Breakout Emerges
The Amazon price action remains locked within a consolidation phase, oscillating between support at $186.50 and resistance at $192.50. Despite multiple Amazon breakouts from patterns like channels and ranges, the price failed to sustain any directional move. Repeated MACD crossovers and RSI extremes have fueled short-term fluctuations, but not enough to trigger a trend. The repeated failure of upside momentum and lack of sustained downside pressure indicate a market awaiting a catalyst. A breakout beyond either key level, $186.50 or $192.50, with strong volume and momentum will be necessary to establish a clear trend. Until then, range-bound trading is expected to persist.
Amazon (AMZN) Price Analysis of May 7, 2025
The Amazon price opened at $184.60, below the previous close of $186.20, signaling early bearish pressure. The price dropped to an intraday low of $183.80, with RSI dipping below 30 at 13:30 UTC, indicating oversold conditions. A bounce followed, and the price ranged between $186.15 support and $187 resistance. A brief breakout at 16:10 UTC pushed the price to a high of $187.94, but the move failed, reinforcing resistance at $188. A downside breakout at 16:45 UTC, supported by a MACD Death Cross, led to an expanding triangle, which reversed upward at 18:15 UTC but again lost momentum. Amazon closed at $185, still range-bound.
Chart 2: AMZN M5 Chart, Analysed by vallijat007, published on TradingView, May 7, 2025
Amazon opened at $184.60, below its previous close of $186.20, indicating early bearish pressure. After the open, the Amazon price dropped and marked the low for the day at $183.80. At 13:30 UTC, RSI dipped below 30, signaling oversold market conditions and suggesting the possibility of a pullback or short-term reversal.
Price then shot upward and set a range, with resistance around $187 and Amazon support around $186.15. Amazon stock breached to the upside from this range at 16:10 UTC and recorded the highest for the day at $187.94. The breakout, however, could not hold, and the Amazon price fell quickly back into the initial range. This breakdown produced a greater resistance level at $188, which the price tried to breach for the rest of the session.
When Will the $185 − $188 Deadlock Break?
Shortly afterwards, at 16:45 UTC, the Amazon price broke to the downside from the same range, this time supported by a death crossover of MACD. The downward momentum formed an expanding triangle pattern, which is typically a signal of increased volatility and uncertainty in direction. At 18:15 UTC, the expanding triangle broke to the upside, this move being supported by a golden crossover of MACD.
Amazon stock spiked up again, showing brief strength, but failed to establish a consistent trend or upward-moving channel. Instead, a small consolidation range developed. Toward the end of the day, this narrow range broke out to the downside at 19:55 UTC, supported by another death crossover of MACD. The Amazon price closed at $185, just above intraday support but below the open, reflecting a lack of conviction from either bulls or bears.
Amazon’s intraday action shows a pattern of range-bound behavior, with both upward and downward breakouts failing to gain traction. The key levels to watch remain $188 as resistance and $185 as Amazon support. Until one of these levels is broken with strong momentum, Amazon is likely to continue consolidating within this narrow band. If the next market open occurs within this range, traders can expect further sideways movement unless driven by external catalysts or strong volume surges.
AMZN Stuck in Neutral: Will $185 Support or $188 Resistance Break First?
Amazon continues to trade between $185 support and $188 resistance, with multiple failed breakouts showing a lack of conviction on both sides. Indicators such as MACD and RSI reflect a neutral stance, supporting the view of consolidation. A decisive break above $188 could signal strength and open the way for further upside. Conversely, a breakdown below $185 might trigger a deeper pullback. Until one of these levels is breached with volume and indicator confirmation, Amazon is likely to remain stuck in its current range. Traders should stay patient and watch for a clean breakout before taking directional positions.
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