Amazon Stock Price Remains in Uptrend Despite Cooling Momentum

Amazon's stock price has been experiencing a mixed trend lately. The daily chart shows that the long-term uptrend remains intact, with the price above both the 50-day EMA ($256.28) and the 200-day EMA ($243.32). However, momentum indicators are signaling caution, with the daily MACD histogram reading -1.12, indicating fading upward momentum.

The hourly chart is bearish, with a fully stacked bearish EMA alignment, creating conflict with the daily structure. Despite this, the underlying momentum indicators on the hourly chart look more like exhaustion than fresh selling. The 15-minute chart shows a classic volatility squeeze, suggesting that the market is coiling for a directional move.

The fundamental narrative still leans constructive, driven by AWS's 39% operating margin and AI-driven growth across advertising and custom silicon. However, a class action lawsuit over the treatment of pregnant workers adds headline risk, which could weigh on sentiment if the case escalates.