Amazon(US:AMZN) Youtube·2025-12-29 21:00Core Viewpoint - Amazon has been identified as a top large-cap internet pick for 2026 by Mark Mahaney at Evercore ISI, despite being a laggard among the MAG7 group, underperforming with a 5.5% increase compared to the broader group's 19.5% rise [1][2]. Performance Analysis - Amazon's stock has shown a small breakout beyond a downward sloping trend line but is currently facing resistance at previous highs around $232, with notable levels at $239 and $242, while downside support is identified at $211 and $198 [3]. - The stock is moving sideways with no strong upward momentum, indicating a need for a push to new relative highs alongside the RSI [5]. Technical Indicators - A cluster of weekly, monthly, and quarterly moving averages is observed around $230 to $231, marking an important downside area to monitor for potential breaks [4]. - The volume profile indicates a point of control around $222, with another significant node near $230, suggesting these levels are critical for price stability [6]. Options Activity - Options trading has been relatively light, with a sizzle of 0.7 compared to the 5-day moving average of options volume, and expected moves of approximately 4.7% by January 16 and 10.7% by February 20 [9][10]. - A notable trade involved a $2.2 million debit for March 20th, 220 strike puts, indicating a potential bearish outlook if it was an opening position, requiring a 23% decline to break even [12].