Amazon Stock Powers Into Q4 Earnings With Bullish Momentum: Is $275 In Sight?

Amazon.com Inc AMZN will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.49 in EPS and $187.30 billion in revenues as the company reports after market hours.

The stock is up 40.71% over the past year, 8.08% year-to-date.

Let’s look at what the charts indicate for Amazon stock and how the stock currently maps against Wall Street estimates.

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AMZN Stock Strongly Bullish Ahead Of Q4 Earnings

AMZN stock is displaying strong bullish momentum ahead of its fourth quarter earnings report, with the stock trading above its five-day, 20-day and 50-day exponential moving averages. This signals an overall uptrend, though slight selling pressure has emerged.

Chart created using Benzinga Pro

Amazon stock's eight-day simple moving average of $237.68 sits just above the current price of $238.27, flashing a short-term bearish signal. However, longer-term indicators remain firmly bullish, with Amazon stock trading above its 20-day ($231.01), 50-day ($224.81) and 200-day ($195.58) simple moving averages.

For investors, the technical setup suggests AMZN stock is in a strong position heading into earnings. The Moving Average Convergence Divergence (MACD) indicator at 4.57 reinforces positive momentum, while the Relative Strength Index (RSI) of 60.48 signals room for further upside before hitting overbought territory.

If earnings confirm continued business strength, the technicals suggest AMZN stock could push higher. However, a downside surprise could test short-term support levels, making the $230-$224 range a key zone for traders to watch.

Amazon Analysts See 15% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Amazon stock stands at a Buy currently with a price target of $255.37. The latest analyst ratings from Benchmark, Telsey and JMP imply a 15.45% upside for AMZN stock with a $275 target.

Stock Price Action: Amazon stock was trading at $236 at the time of publication.

Read Next:

• Top Wall Street Forecasters Revamp Amazon Price Expectations Ahead Of Q4 Earnings

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