Amazon Stock Is Oversold, Time To Be Greedy (Technical Analysis, Upgrade)
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Amazon.com, Inc. (AMZN) stock is currently oversold based on technical indicators such as the 14-period RSI and Bollinger Bands. This suggests a potential buying opportunity given the company's strong fundamentals.
March 13, 2025 | 10:45 pm
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Amazon's stock is considered oversold as its RSI dropped below 30 and prices fell under the lower Bollinger Band. This technical analysis suggests a potential buying opportunity, supported by strong business fundamentals.
The RSI below 30 indicates that the stock is oversold, which often precedes a price rebound. The drop below the lower Bollinger Band further supports this. Coupled with Amazon's strong fundamentals, this suggests a likely upward price movement.
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IMPORTANCE 80
RELEVANCE 100