RSI at 49.41 is neutral, offering room to run in either direction without being stretched, while MACD at -2.53 remains negative but is curling above its signal line at -4.17, hinting at waning downside momentum. Price holding 4.48% above the 200-SMA preserves the longer-term uptrend structure, but the 50-SMA at 254.60 is now overhead resistance that has capped recent rallies. The setup favors accumulation on weakness rather than chase, with trade-quality (90.6) and profit-probability (83.0) scoring high against a middling inflection score (51.7).
Wednesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $W, $RDDT, $AVGO, $COST, $CAVA, $ETOR.
5 of 5 plays
AMZN is coiling between its rising 200-SMA (233.17) and a downward-sloping 50-SMA (254.60), with price at 243.62 sitting almost exactly mid-range — a classic inflection where the medium-term uptrend is being tested by a short-term pullback.
EntryScale entries in the 240–244 zone on stabilization, with a confirmation add-on above 248 (reclaim toward the 50-SMA); avoid initiating between 253–255 into 50-SMA resistance.
TargetsFirst target: 254.60 (50-SMA) — expect initial supply here → Second target: 266–270 on a decisive 50-SMA reclaim and MACD cross above zero
StopDaily close below 233 (the 200-SMA at 233.17); a break there invalidates the long-term uptrend structure and shifts bias to neutral/defensive.
Educational only. Not financial advice.