CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Amazon

Market Opportunities - 05/04/2021

05 April, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Amazon uptrend opportunity based On 1.00 Lot Calculation:

  • Amazon is the king of e-commerce. It continues to benefit from ongoing lockdowns and a fundamental shift in how consumers shop. It also runs one of the world’s most popular cloud computing services called AWS.
  • Americans received a large amount of stimulus money from the Federal Government at the beginning and end of the 1st Quarter. The earlier program sent over $170 billion directly to its citizens, the latter over $400 billion. Consumers spent much of this money as expected, and with the prevalence of lockdowns in the 1st quarter much of it was spent at Amazon.
  • Event: 1st Quarter Earnings: Amazon is tentatively scheduled to post its 1st Quarter earnings on April 30th. It is expected to earn $13.196 per share and see revenue of nearly $105 billion. It has beat its adjusted earnings estimate 6 of the last 8 quarters and beat its revenue estimate 8 of the last 8 quarters. We believe Amazon has a good chance of exceeding estimates again.
  • Technical details: Amazon has underperformed the major indices Year-to-Date. It is down roughly 4% while the USA500 has risen 7% and the USA100 has climbed 4.4%.

AMAZON, April 5, 2021
Current Price: 3,200.00

Amazon

Weekly

Trend direction

UP

Resistance 3

3,900.00

Resistance 2

3,650.00

Resistance 1

3,450.00

Support 1

3,000.00

Support 2

2,800.00

Support 3

2,600.00

Example of calculation base on weekly trend direction for 1.00 Lot*

Amazon

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

70,000.00

45,000.00

25,000.00

-20,000.00

-40,000.00

-60,000.00

Profit or loss in €**

59,304.95

38,124.61

21,180.34

-16,944.27

-33,888.54

-50,832.81

Profit or loss in £**

50,359.71

32,374.10

17,985.61

-14,388.49

-28,776.98

-43,165.47

Profit or loss in C$**

87,616.20

56,324.70

31,291.50

-25,033.20

-50,066.40

-75,099.60

* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 16:15 (GMT+1) 05/04/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

Share It With Your Network
AMAZON.COM, Inc. Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now