Price at 242.67 trades below the 50-SMA (255.42) but holds a constructive buffer over the 200-SMA (232.98), keeping the primary uptrend intact. RSI at 48.70 is neutral and turning up from mid-range, while MACD at -4.39 has crossed above its signal (-5.30), signaling early momentum repair after a pullback. The 50-SMA now acts as immediate overhead resistance, and reclaiming it would flip the intermediate structure back to bullish; failure to do so keeps the tape range-bound between 233 and 255.
Monday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 3 long, 1 short. Trade your plan and manage risk first. Also screened: $ANET, $GOOGL, $META, $TSM, $ASML, $ORCL.
5 of 5 plays
AMZN is coiling between its rising 200-SMA (232.98) and a declining 50-SMA (255.42), sitting 4.16% above the long-term trend — a classic mean-reversion inflection where the working long bias needs confirmation from momentum before committing size.
EntryAccumulation zone 240–244 with confirmation trigger on a reclaim of 248 (prior pivot); more aggressive add on a decisive break above the 50-SMA at 255.42.
TargetsFirst target 255.42 at the 50-SMA confluence → Second target 265–268 on a successful 50-SMA reclaim and RSI push above 60
StopDaily close below 232.98 (200-SMA) invalidates the long thesis — it would break the primary trend and open risk toward the low-220s.
Educational only. Not financial advice.