Amazon.com, Inc. (AMZN) stock price rose in its latest intraday trading, remaining stable above the key resistance level of 247.75, confirming a successful breakout. This occurs under the dominance of the main short-term bullish trend, supported by continuous trading above its 50-day SMA. Conversely, negative signals are beginning to emerge from the Stochastic indicator after reaching extremely overbought levels, which has limited the stock's recent gains.

Therefore, we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above 247.75, targeting its next resistance level at 275.60.

Todays price forecast: Bullish