Amazon Stock Forecast Weekly: Trade Hopes, Q1 Earnings Fuel Rebound Above $200
Amazon shares have surged nearly 20% from April lows, marking a sharp recovery after a brutal 35% decline between February and early April. The rebound aligns with a bullish technical breakout above key moving averages, suggesting potential for sustained upward momentum.
First-quarter earnings delivered strong results, but cautious Q2 guidance has muted investor enthusiasm. Meanwhile, renewed Optimism around U.S.-China trade negotiations has bolstered broader market sentiment, contributing to Amazon’s resurgence.
The February-April correction tested investor resolve, but the stock’s recent performance demonstrates resilience. Technical indicators now suggest the long-term uptrend may be regaining strength, though macroeconomic uncertainties persist.
