Here we go again. Amazon’s (NASDAQ: AMZN) had horrible earnings report, there are rumors again of an Amazon stock split. This is caused by the Nvidia stock split in May that caused the stock to rise over 35% since then. For almost 20 years I have been watching the stock market and one of my favorite tech companies to watch.
To be frank, I am also a customer and buy from Amazon all the time, so investing in Amazon stock makes a lot of sense to me.
Amazon’s stock price is now hovering at $3300, many investors are asking if will Amazon stock split? The short answer is that Amazon stock will not split anytime in the future because there is not a pressing issue or reason for it split such as being part of an index that requires a specific price. In addition, the recent sell-off in the tech sector makes it even more unlikely.
This is a serious question for small investors because of the nominal high stock price and bullish trend of Amazon stock.
We all love getting the inside edge, but right now I think an “Amazon stock split” is maybe 10% likely. The only reason why this would happen is if AMZN was put in an index where it required, which is currently not part of it.
Retail Investors are betting that a split announcement would boost the stock.
| Pivot | Classic | Fibonacci | Camarilla | Woodie | DM |
| S3 | 2537.02 | 3003.12 | 3199.41 | 2653.95 | — |
| S2 | 3003.12 | 3181.17 | 3242.14 | 2980.47 | — |
| S1 | 3165.35 | 3291.17 | 3284.86 | 3120.05 | 3084.24 |
| P | 3469.22 | 3469.22 | 3469.22 | 3446.56 | 3428.66 |
| R1 | 3631.45 | 3647.27 | 3370.32 | 3586.15 | 3550.33 |
| R2 | 3935.31 | 3757.26 | 3413.04 | 3912.66 | — |
| R3 | 4401.41 | 3935.31 | 3455.77 | 4052.25 | — |
Amazon Stock 1 Day Moving Averages
| Name | Value | Action |
| Exponential Moving Average (10) | 3434.62 | Sell |
| Simple Moving Average (10) | 3465.74 | Sell |
| Exponential Moving Average (20) | 3487.34 | Sell |
| Simple Moving Average (20) | 3547.12 | Sell |
| Exponential Moving Average (30) | 3492.45 | Sell |
| Simple Moving Average (30) | 3548.11 | Sell |
| Exponential Moving Average (50) | 3465.86 | Sell |
| Simple Moving Average (50) | 3465.05 | Sell |
| Exponential Moving Average (100) | 3390.27 | Sell |
| Simple Moving Average (100) | 3360.18 | Sell |
| Exponential Moving Average (200) | 3251.6 | Buy |
| Simple Moving Average (200) | 3270.8 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 3536.42 | Neutral |
| Volume Weighted Moving Average (20) | 3530.31 | Sell |
| Hull Moving Average (9) | 3311.8 | Buy |
