Amazon's Strong Fundamentals Meet Bearish Technical Signs
Amazon's (AMZN) stock is experiencing bearish signals at $249.76, below key moving averages and despite institutional investors remaining long.
The Relative Strength Index (RSI) has broken below its neutral midpoint without reaching oversold territory, indicating hesitant buyers who haven't yet capitulated.
The Moving Average Convergence Divergence (MACD) situation is also bearish, with the histogram printing exactly 0.0000 and the MACD and signal line converged at -2.1194, signaling a pause rather than a reversal.
Despite these technical warnings, Amazon's fundamentals are strong, with Q2 2026 earnings exceeding expectations and AWS growing 37% year-over-year.