Want to know Amazon’s current price and what’s next for AMGN stock? On this page, we share the latest Amazon news and advice on buying stock. You can also check out the latest Amazon stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Amazon stock today? To what levels can the shares of this company rise in a year, two, three? How much will Amazon stock be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for AMGN shares, both up and down.
Amazon Stock Forecast for 2022 and 2023
Amazon quotes continue to move within the growth and bullish channel. Moving averages indicate a short-term bullish trend for AMGN. Prices are again testing the area between the signal lines, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the value of the shares is 3479. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 2865. Further, a rebound and continued growth in the value of securities. The potential target of such a movement is the area above the level of 5200 already in 2021, 2022, 2023.
An additional signal in favor of the rise in Amazon quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for Amazon’s stock prices will be a fall and a breakdown of the level of 2400. This will indicate a breakdown of the support area and the lower boundary of the channel, in this case, we can consider the continuation of the fall of securities to the area at the level of 1355. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 40005.
Amazon Stock Forecast for 2022 and 2023 suggests the development of a correction and a test of the support area near the level of 2865. Where should we expect a rebound and an attempt to continue the rise of shares to the area above the level of 5200. A test of the trend line on the relative strength index will come out in favor of the growth of securities. Cancellation of the AMGN rise option will be a fall and a breakdown of the level of 2400. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 1355.
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