Amazon Stock Coiled Ahead of Q3 Earnings Release

Amazon's (AMZN) stock is currently coiled at $252.34 ahead of its Q3 earnings release on October 28, 2026, with the SMA 50 sitting overhead at $256 as a decisive ceiling.

The market is waiting for the print to determine the next leg up or down in price action, and every professional knows that the Q3 results will define the next move.

Amazon Web Services (AWS) has been delivering impressive growth, with a 36.7% year-over-year increase in revenue in Q2 2026, and its contracted backlog now stands at $496 billion, growing triple-digits year-over-year.

The technical picture is one of compression, with short-term moving averages providing support, but the SMA 50 at $256.12 is overhead and rejected multiple times.