Amazon's stock is oversold with RSI of 29.7, signaling a potential buying opportunity

From Nasdaq: 2025-04-03 13:04:00

Legendary investor Warren Buffett advises to be fearful when others are greedy and greedy when others are fearful. One way to measure fear in a stock is through the Relative Strength Index (RSI), which shows momentum on a scale of 0 to 100. Amazon’s stock (AMZN) entered oversold territory with an RSI of 29.7, signaling a potential buying opportunity.

Shares of Amazon.com Inc (AMZN) hit an RSI of 29.7, entering oversold territory, while the S&P 500 ETF (SPY) has an RSI of 31.7. This could indicate that selling pressure is easing, offering a chance for investors to buy. Amazon’s 52-week range is $151.61 to $242.52, with a last trade of $181.48.

For more oversold stocks to consider, check out the link provided. Stay informed about upcoming dividends and funds holding specific stocks. Remember, the author’s views may not reflect those of Nasdaq, Inc.



Read more at Nasdaq: Oversold Conditions For Amazon.com (AMZN)