Amazon Stock Hits Resistance Amid Cooling Momentum
Amazon stock is trading at $256.78, above its 200-day EMA of $243.82, indicating an intact uptrend.
However, daily momentum has cooled, with a daily RSI of 48.91 and a negative MACD histogram of -1.11.
The stock is facing resistance at the $257.74-$258.53 zone, which includes the 1H 200-EMA, daily R1 pivot, and upper Bollinger band.