Amazon.com shares are oversold according to RSI, potential buying opportunity indicated.

From Nasdaq.: 2024-08-05 16:29:11

Legendary investor Warren Buffett’s advice to “be fearful when others are greedy, and be greedy when others are fearful” is reflected in technical analysis indicators like the Relative Strength Index (RSI). Amazon.com Inc (AMZN) shares recently entered oversold territory with an RSI reading of 29.2, indicating a potential buying opportunity as selling pressure may be exhausting. AMZN’s 52-week range is $118.35 to $201.20, with the last trade at $161.04.

For more insights on oversold stocks and top dividend opportunities, check out the links provided to discover potential investment options. It’s important to consider various factors, including market conditions and individual stock performance, before making investment decisions. Remember to do thorough research and consult with a financial advisor for personalized guidance.



Read more at Nasdaq.: Relative Strength Alert For Amazon.com