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Amazon.com Inc. (AMZN) could triple in value in the next 1-2 years. The share has doubled by more than 650 times since the bottom at USD 0.30 in 2001. Now the share can triple in the next 1-2 years.


[10 July 2024]


Today, Wednesday 10 July 2024, StockCharts365.com has taken a closer look at one of the world's five largest companies, Amazon.com Inc. (ticker on Nasdaq: AMZN).


The Amazon.com-share has doubled by more than 650 times since the bottom at USD 0.30 in 2001, to today's share price around USD 200.00.


So if you invested USD 10,000 in Amazon.com (AMZN) around USD 0.30 in 2001, these shares would today be worth more than USD 6,500,000!


 

First, a little about Amazon.com Inc. (ticker på Nasdaq: AMZN)


Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers.


The Company's segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience.


Customers access its offerings through its Websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores.


It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and it develops and produces media content.


It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a broad set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.


For mer informasjon om selskapet, besøk deres hjemmesider her:



 

Technical Analysis of Amazon.com Inc. (ticker på Nasdaq: AMZN)


Technical Analysis of Amazon.com Inc. (ticker på Nasdaq: AMZN):


Amazon (AMZN) has shown a very strong development for many years, and the stock is up by an insane 66,500% since the bottom around USD 0.30 in 2001 and until today a share price around USD 200.00. Now the share may have further potential to rise by around 200% more over the next 1-2 years. The Amazon share thus shows a very strong development both in the short and long term, and within an upward trend. So further strong growth is signaled for this share, and which is one of the world's five largest companies. The long-term trend within which the share moves signals a potential for the share up to around USD 600.00 in 1-2 years' time. This implies a potential for an increase of a solid 200 per cent for the share in the next 1-2 years. It will be 'little' compared to the 66,500% that the share is up from 2001 to 2024, but there is still considerable potential for the share in the next 1-2 years. A new strong technical buy signal has recently been triggered for Amazon stock, after it broke through a key technical resistance level around $190.00. There is now significant technical support for the stock around USD 190.00, and in case of any corrections down. Now there is little technical resistance further upwards for the Amazon share, and where the potential that is indicated is up towards the USD 600.00 level in the 1-2 year term. This is in accordance with the long-term positive trend, within which the share has moved since 2001 (cf. chart).


 

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