Amazon stock price forecast: high probability of further gains as AMZN trades above key supports

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Amazon rises 0.32% to $241.64 today

Highlights

Amazon reported Q3 2025 revenue and EPS above expectations, with Amazon Web Services generating $33 billion in revenue and 20% year-over-year growth.
Advertising revenue rose to $17.7 billion, further strengthening Amazon's diversified high-growth business segments during the quarter.
Amazon expanded its partnership with Aumovio to support self-driving vehicle deployment and increased capital expenditures focused on AI infrastructure and data centers.

Earnings beat and AI investment drive bullish sentiment shift

Amazon posted strong results in its latest earnings report for Q3 2025, delivering revenue and EPS that exceeded expectations. Amazon Web Services reported $33 billion in revenue with 20% year-over-year growth, and advertising revenue rose to $17.7 billion. The company expanded its partnership with Aumovio to support self-driving vehicle deployment and increased capital expenditures, focusing on AI infrastructure and data centers.

Overbought signals emerge as intraday strength meets mixed momentum

Momentum remains positive with the MACD signaling a Buy and the ADX showing a weak trend. Overbought readings are seen on Stochastic RSI (100.00) and CCI (221.70), while the RSI at 63.60 leans bullish but not extreme. Bull/Bear Power indicates strong buyer dominance, supporting upward pressure, though the Awesome Oscillator is neutral. Today’s trading shows a small upward gap from the previous close, with the current price near the daily high within a range of $239.96 – $245.28. Volatility is moderate, and the intraday tone exhibits strength toward the highs, though mixed signals from momentum and overbought oscillators suggest some caution.

High upside probability as consolidation expected within set range

For the next five trading days, a typical volatility band is expected between $236 and $247. The probability of a price increase is high (more than 80%), while the chance of a decline is very low (less than 20%). The baseline scenario anticipates the price consolidating within the $236 – $247 corridor. In a bullish scenario, a break above $245 could drive further gains, while a drop below $236 may trigger a short-term correction, though current signals make this unlikely.

Anton Kharitonov, expert at Traders Union, sees Amazon in a strong technical uptrend but notes overbought momentum and moderately bullish sentiment. He believes fundamentals are solid after robust Q3 results, yet warns that buyers may be stretched in the short term. Key support lies at $232.07, with $245 as the immediate resistance. "Base case remains consolidation within $236 – $247, but if $236 breaks, I will expect corrective pressure to emerge quickly."

Last time, analysts noted that Amazon continues to trade above key moving averages, with bullish momentum supported by strong Q3 results and ongoing institutional interest, while immediate support and resistance are defined near recent technical levels. Momentum indicators reflect mild bullishness amid overbought conditions and low volatility, suggesting a likely near-term consolidation between support and resistance unless momentum or profit-taking shifts the balance.

Source of Data: AMZN Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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