Amazon.Com (AMZN) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for AMZN · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$277.42last close · Aug 4, 202652-week range $196.00 – $287.20 · 3.41% below the high
Falling Wedge · playing out now

AMZN just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 60% of the time.

As long as price stays above $225.6, the setup is intact — a daily close back below there is the cue to step away.

It's already reached the first target near $260.6 and is still going. From here, the calm way to follow the move is to stay with the 10-day average — and only step aside when a day finally closes below it.

AMZN Bullish Pennant Pattern

AMZN is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$270.44Projected move+20.2%Breakout level$227.02

New to this pattern? What a bullish pennant is and how to trade it →

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
AMZN win rate
88.9%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

AMZN Pattern Trade History

Every completed pattern trade our nightly backtest found on AMZN's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantDec 18, 2025 @ $229.09Feb 6, 2026 @ $210.32Loss-2.32R
Falling WedgeOct 27, 2025 @ $227.66Nov 12, 2025 @ $244.20Win+0.99R
Rising WedgeSep 22, 2025 @ $229.61Oct 14, 2025 @ $213.35Win+2.58R
Rising WedgeSep 12, 2025 @ $229.17Oct 17, 2025 @ $211.36Win+1.84R
TriangleSep 4, 2025 @ $231.83Sep 23, 2025 @ $220.71Loss-1.11R
Bullish PennantJun 27, 2025 @ $221.54Nov 12, 2025 @ $244.20Win+1.59R
Rising WedgeFeb 6, 2025 @ $236.12Feb 20, 2025 @ $223.38Win+1.99R
Falling WedgeJan 21, 2025 @ $228.90Feb 5, 2025 @ $236.17Win+0.57R
Bullish PennantOct 30, 2024 @ $194.69Nov 15, 2024 @ $202.61Win+0.84R
TriangleSep 10, 2024 @ $177.49Nov 15, 2024 @ $202.61Win+3.97R
Rising WedgeApr 15, 2024 @ $185.32Apr 25, 2024 @ $170.79Win+3.27R
Rising WedgeMar 6, 2024 @ $173.33Mar 28, 2024 @ $180.38Loss-1.04R

AMZN Support and Resistance Levels

Price is bouncing off a floor near $230.03 and starting to climb. On the weekly chart, the next ceiling overhead sits near $310.89 — about 12% away.

  • Traders commonly watch $310.89 as a target (its 161.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $230.03 floor about a week ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $242.30, resistance near $326.48. These are chart/swing-derived levels, not formula pivots.

Resistance
$326.48$522.62
Support
$242.30$227.89$224.96

AMZN Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$276.06$281.07$275.82$277.42
Aug 3, 2026$278.29$287.20$278.00$284.02
Jul 31, 2026$265.00$273.23$262.01$271.58
Jul 30, 2026$233.35$239.82$231.06$235.50
Jul 29, 2026$229.32$232.82$226.16$226.65
Jul 28, 2026$232.85$233.11$228.10$230.86
Jul 27, 2026$235.67$235.89$230.99$231.39
Jul 24, 2026$234.38$234.95$231.34$232.11
Jul 23, 2026$236.26$238.35$232.05$233.66
Jul 22, 2026$248.27$248.45$242.45$244.85

AMZN Frequently Asked Questions

What chart pattern is AMZN forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Amazon.com (AMZN) on the daily chart, with a measured-move target of $270.44.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on AMZN is a bullish pattern, projecting a measured-move target of $270.44. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for AMZN?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), AMZN's nearest support is around $242.30 and nearest resistance around $326.48.
What is the price target if AMZN's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $270.44 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was AMZN's closing price on Aug 4, 2026?
Amazon.com (AMZN) last closed at $277.42 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.