Amazon is up 9.93% this year

0
23

619f72ae68da61637839534

During today’s session, Japan’s top index rose 0.67%, or 196.62 points, leaving the Nikkei 225 index at 29,499.28 points. This continues the upward trend of recent days, leading the price to the psychological figure of 30,000 points before continuing to search for its zone of annual highs.

Following the increases in Japan, the European session continues the gains in its main stock markets despite the fact that German GDP data for the third quarter was slightly worse than expected from the market consensus, growing by 1.7% compared to the expected 1.8 %.

But without a doubt, the Thanksgiving in the United States is what will mark today’s session. And due to the holiday, there will be no Wall Street updates.

As every year, Thanksgiving is the prelude to one of the most anticipated days of the year, as during Black Friday there are strong discounts on the different products, announcing the start of the Christmas shopping. So over the course of this weekend, a strong avalanche of purchases is expected both in physical stores and across the internet, with Amazon starring as one of the main protagonists of this weekend.

During the Black Friday campaign last year, Amazon earned revenue of $ 4.8 billion, an increase of 60% if we compare it to the revenue earned during 2019. So as we can see, the Covid-19 pandemic last year was key when deciding whether to make purchases physically or via the internet.

This year, as fall progresses and winter approaches, we see a progressive increase in Covid-19 cases. However, the overall pandemic has improved considerably due to the population’s vaccination process, so this could significantly affect sales via electronic platforms.

Therefore, we must be very careful about the sales figures published by both Amazon and other electronic platforms, as these could have a significant impact if the data is worse than last year.

Technically speaking, Amazon is up 9.93% this year, and is currently facing its main support level in the overlapping zone of its 18-session empty moving average and the significant level of support / resistance represented by the orange strip after a lower rebound from the area. of its annual highs in a possible two-pointed formation represented by the green stripe.

Good sales data during this campaign could again give a boost to the price and this could again look for the zone of historical highs. Conversely, a not entirely satisfactory campaign could generate an inferior rupture of this important support level, causing further correction perhaps by seeking its long-term uptrend line.

Source: Amazon Daily Chart on Admirals MetaTrader 5 platform. Data range: from August 21, 2019 to November 25, 2021. Held on November 25, 2021 at 09:35 CET. Please note that past returns do not guarantee future returns.

Price development in the last 5 years:

  • 2020: 76.26%
  • 2019: 23.03%
  • 2018: 28.43%
  • 2017: 55.96%
  • 2016: 10.95%

With the Admirals Trade.MT5 account, you can trade Contracts for Differences (CFDs) from Amazon and over 3000 shares! CFDs allow traders to try to profit from the bull and bear markets, as well as the use of leverage. Click the following ribbon to open an account today:

INFORMATION ON ANALYSIS MATTERS:

The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly prospects or other similar estimates or information (hereinafter “Analysis”) published on the websites of Admiral Markets investment firms operating under the Admiral Markets trademark. (hereinafter). “Admiral Markets”) Before making any investment decisions please pay close attention to the following:

  • This is marketing communication. The content is published for informational purposes only and is in no way considered as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on trading prior to the dissemination of investment research.
  • Any investment decision is made by each client solely, while Admiral Markets is not responsible for any loss or damage arising from such decision, whether or not based on the content.
  • To protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established such internal procedures for the prevention and management of conflicts of interest.
  • The Analysis is prepared by an independent analyst, Roberto Rojas (analyst), (hereinafter “Author”) based on their personal assessments.
  • While every reasonable effort is made to ensure that all sources of content are reliable and that all information is presented, as far as possible, in an understandable, timely, accurate and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any . information contained within the Analysis.
  • Any past or model performance of financial instruments indicated within the content shall not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument can both increase and decrease and the preservation of the value value is not guaranteed.
  • Used products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please make sure you fully understand the risks involved.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here