Victoria Bazir
Amazon's stock (AMZN) is picking up steam again after a period of sideways trading. The tech giant's shares are pushing toward $230, backed by improving technical signals and a broader recovery in the technology sector. Multiple indicators now point to renewed bullish momentum.
Amazon Chart Points to an Uptrend Revival
The daily chart shows that Amazon has bounced back after a modest pullback earlier in the quarter. Trading around $230, the stock finds support from the 200-day Machine Learning Moving Average—a dynamic indicator that's now curving upward, according to LuxAlgo trader analysis. This confirms that the technical picture is brightening.
Recent price movements reveal several Change of Character (CHoCH) and Break of Structure (BOS) signals, both indicating a shift from correction mode back into an uptrend. The chart shows a consistent pattern of higher lows since mid-October, while previous resistance levels have been cleared as the stock closed above them. This pattern shows improving sentiment, with buyers taking charge around the $220–$230 zone. The next technical milestone sits near $240, and breaking above that could open the door toward $250. On the downside, solid support remains around $215, where previous buying interest and moving average levels line up.
Market Context: Tech Recovery and AI Tailwinds
Amazon's technical rebound mirrors a broader comeback across major tech stocks, as investors return to AI-focused and cloud-based companies. The company's AWS division keeps benefiting from growing enterprise appetite for generative AI tools and data services, cementing Amazon's position in the digital economy. Investor mood has lifted following recent U.S. market stabilization and declining Treasury yields, which helps restore appetite for growth stocks. Machine-learning systems confirm this transition, showing a flip from bearish to accumu
Consolidation Before Potential Upside Extension
Though volatility stays moderate, the stock's structure indicates Amazon could keep its bullish lean as long as it holds above $215. Continued strength above $230 would build a solid foundation for a push toward the $250–$260 range in coming weeks. With technical indicators improving, machine-learning models turning positive, and macro conditions favoring tech growth, Amazon looks positioned for further recovery—reflecting renewed confidence in one of the market's most durable stocks.
Victoria Bazir
