Amazon.com Inc (NASDAQ: AMZN) stock saw a significant pullback in Thursday’s trading, closing down for the day and leaving traders to weigh the bearish momentum against a slight post-market recovery. For those looking to invest or trade AMZN on the next market open, a close look at the key data from June 20th provides critical insights into potential price action.
This article breaks down everything a trader needs to know based on the latest market summary.
Thursday’s Market Action in Review
Amazon stock closed the main trading session at
2.83 or 1.33% for the day. This close was considerably lower than the previous day’s close of $212.52, indicating a clear win for sellers during regular trading hours.
The intraday chart reveals a story of early-session weakness. The stock opened at $214.68 and briefly touched a high of $214.89 before a sharp sell-off drove the price down to its daily low of $208.27. For the remainder of the day, the stock consolidated in a lower range, unable to reclaim its earlier highs.
However, a point of interest for traders is the after-hours activity. After the market closed, AMZN saw a slight rebound to
0.49 (0.23%). While modest, this positive after-hours movement could suggest some buying interest at these lower price levels, potentially influencing the market open on Monday.
Key Metrics at a Glance: A Trader’s Checklist
To fully assess the situation, here are the essential data points from the June 20th close:
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Closing Price: $209.69
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Day’s Range: $208.27 (Low) to $214.89 (High)
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Previous Close: $212.52
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52-Week Range: $151.61 to $242.52
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Market Cap: 2.23L Cr (approximately $2.23 Trillion USD)
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P/E Ratio: 34.20
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Dividend Yield: None
The current price of $209.69 places the stock firmly in the upper half of its 52-week range, suggesting that despite the daily dip, the longer-term trend remains strong. The P/E ratio of 34.20 provides a snapshot of the company’s valuation relative to its earnings.
Will the Market Go Up or Down on Monday?
Based on the provided data, traders have both bullish and bearish signals to consider.
The Bearish Case (Market Down):
The primary signal is the decisive downward move during the main session. The stock broke below its previous close and set a lower low for the day. Sellers were in control for most of the session, and if that momentum continues, the stock could test the day’s low of $208.27 as a key support level. A break below this level could signal further downside.
The Bullish Case (Market Up):
The positive after-hours trading, though small, cannot be ignored. It indicates that some investors saw the dip as a buying opportunity. If buyers step in at the market open, the first level of resistance to watch would be the previous close of $212.52. Reclaiming this level would be a strong sign that the dip was temporary. The fact that the stock is still trading much closer to its 52-week high than its low also supports a broader bullish context.
: Is It Right to Invest Today
Investing today requires careful consideration of risk. The stock showed clear weakness during the main session but found some footing in after-hours.
For Monday’s session, traders should watch the opening price action closely.
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A move above the after-hours high of $210.18 could signal initial strength and a potential test of higher resistance levels.
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A move below the day’s low of $208.27 would confirm bearish momentum and could lead to further selling.
The session on Thursday created a new, lower trading range. How Amazon stock behaves around the boundaries of this range on Monday will likely determine its direction for the rest of the week.
Disclaimer: This article is for informational purposes only and is based on the analysis of a provided image. It does not constitute financial advice. Stock market trading involves significant risk, and you should conduct your own research or consult with a qualified financial advisor before making any investment decisions.
