This indicator suggests you need to buy Amazon stock now

Core Viewpoint - Amazon (NASDAQ: AMZN) is poised for a potential short-term rally based on historical performance trends and seasonal analysis, despite recent stock volatility [1][5]. Group 1: Stock Performance - Amazon's stock closed at $212, down 0.5% for the day and 3.6% year-to-date, but remains above the critical $200 level [1]. - A 15-year seasonality analysis indicates that Amazon is entering a bullish period from weeks 25 to 28, with historical data supporting consistent gains during this timeframe [3][5]. Group 2: Seasonal Trends - The four-week period from weeks 25 to 28 has historically shown strong performance, with week 28 having an 87% win rate and an average return of 3.9%, making it one of the most favorable weeks for investors [5]. - Beyond week 28, the surrounding period maintains a win rate of 60% to 70%, indicating broader seasonal strength [6]. Group 3: Prime Day and AWS Conference - The timing of this bullish stretch aligns with Amazon's Prime Day, typically held in mid-July around week 28, which often leads to increased sales and positive investor sentiment [6]. - Investors are also focused on the AWS re:Inforce conference, which is expected to bolster bullish sentiment, particularly as AWS is a key growth driver for Amazon [7].