Amazon stock (AMZN) has increased by 5% in after-hours trading on October 31 mainly because the largest online buying platform and tech companies have reported very strong third-quarter earnings that clearly beat the furniture sellers.
The company had earnings per share (EPS) of $1.43, a figure that far exceeded the analysts’ estimate of $1.16, and the total revenue was also $158.9 billion, which was better than the expected inward $157.29 billion. The company’s earnings report is a source of evidence about Amazon 1’s continuity of growth and the main divisions, which are online commerce and AWS (Amazon Web Services) in particular.
Amazon’s AWS Revenue Surges to $27.45 Billion
Speaking about AWS, the revenue amounted to $27.45 billion, perfectly matching the analysts’ forecasts. It thus stressed the fact that the strength of the fast-growing segment lasts despite the increased competition among large providers. Amazon Web Services is the giant’s protective shield because it is like a big money-making machine that helps cover the retail sector and other thin profit areas. Amazon’s Q4 guidance was also a major factor, with revenue expected to fall in the range of $181.5 billion to $188.5 billion, flat below what analysts predicted of $186.36 billion.
Besides, Amazon says its operating income will be around $16.0 billion to $20.0 billion according to its forecast, and analysts on Wall Street estimate is $17.49 billion. This expectation suggests that Amazon is confident it will have customers during Christmas, which is crucial for the company and ensures the business runs smoothly.
Conversely, such a move was also followed by other big tech firms whose investors, on the other hand, were also uneasy about AI-related costs. Pat (META) and Microsoft (MSFT) shares declined on Wednesday because the investor sentiment seemed to indicate a lack of preference for their huge AI investments, which, along with the companies exceeding the projections, can cut the margin.
Amazon Stock Chart Analysis
AMZN/USD 15-Minute Chart
Viewing Amazon’s (AMZN) 15-minute chart, we observe a strong declining stock that has sunk down from about $195 to $186. Now, it stands at $186.17, a decrease of 0.06% from the close before. The short-term decline, starting from October 30, maybe a possible positive situation or actually, the market is doing the opposite.
In the analysis of RSI at the lower part of the chart, the value is 35.38, which means that the stock is oversold. A lower RSI of beneath 30 is mostly a sign of the overselling situation coming, and that signals good chances of a reversal, but if it is under the current level, thus the decline may go on before the growth may come.
Break it down a little further, and we have a low point of $183.69, which is the most important detail to note. Should the price duck below this level, it may result in additional breakage. However, in case the AMZN is above the $186 mark, there is a very high chance of it being stable and providing a recovery, too. Thus, we would be discussing almost $190 and $195, which might be the restricted areas if the price is going upside down.”
In cases of confusion, the best option is still to seek an advisor who will give you pragmatic help you figure out if this move is the one for you.
