Amazon's Charts Have Weakened in the 2 Weeks Since Prime Day

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Amazon's Charts Have Weakened in the 2 Weeks Since Prime Day
Amazon's Charts Have Weakened in the 2 Weeks Since Prime Day

In this daily candlestick chart of AMZN, below, we can see how prices have changed the past six months but the movement over the past few weeks is more important. The On-Balance-Volume (OBV) line has been moving sideways since July but basically following the price action. The Moving Average Convergence Divergence (MACD) has weakened and is close to the zero line.