AI AMZN Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: AMZN could rebound due to increasing cloud demand and successful product launches, particularly in AI tech, which may boost market confidence and stock prices significantly.


Bearish Case: Regulatory pressures and competitive challenges, particularly in the cloud sector, combined with consumer debt issues, could further suppress stock performance and investor sentiment.


Potential Outcomes:

1. Continued AWS growth (60% chance);

2. Regulatory hurdles causing delays (40% chance);

3. Significant consumer spending drop (55% chance);

4. Successful product innovations (70% chance).


Trading Oracle: Consider initiating a bullish debit spread using calls. Buy the $177.5 call expiring in a week and sell the $185.0 call to capitalize on the short-term upside potential from recent trends. This strategy offers high probability-of-profit given current volatility conditions.


August 28, 2024


Amazon.com Forecast

AMZN      Amazon.com











Correlated Assets

Assets that tend to move strongly with AMZN



MU Forecast + Options Trading Strategies   MU  Micron Technology (0.96)


QCOM Forecast + Options Trading Strategies   QCOM  Qualcomm (0.95)


SKYW Forecast + Options Trading Strategies   SKYW  Skywest (0.95)


AMAT Forecast + Options Trading Strategies   AMAT  Applied Materials (0.95)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.94)



Uncorrelated Assets

Assets with little price relationship to AMZN



MCHI Forecast + Options Trading Strategies   MCHI  BTC iShares MSCI China (-0.0)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (0.0)


VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (0.0)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.0)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (0.0)



Anticorrelated Assets

Assets that tend to move strongly against AMZN



MED Forecast + Options Trading Strategies   MED  Medifast (-0.89)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.92)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.92)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.92)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.94)





Become a more profitable investor with AI optimized trading strategies






×

Chat with AMZN


 Ask any question about AMZN!