By Ion Jauregui – Analyst at ActivTrades The outbreak of the war in Iran has reshaped market sentiment, increasing volatility and putting pressure on global equities. However, within the universe of the “Magnificent Seven,” performance has not been homogeneous. Amazon stands out as the company best absorbing the impact of the conflict. While Wall Street is recording contained declines, around 3%–5% since the escalation of tensions, Amazon has not only resisted but remains above its pre-conflict levels. This behavior contrasts with other tech companies such as Meta and Tesla, which have experienced double-digit corrections. The explanation is fundamentally structural. On one hand, Amazon’s exposure to the growth of artificial intelligence—especially through AWS—continues to act as a catalyst for revenues and margins. On the other hand, its global scale and ability to pass on costs allow it to mitigate the impact of rising energy prices and supply chain disruptions. Additionally, the market continues to rely on expectations of earnings growth in the U.S. and on a potential dovish shift by the Federal Reserve in the second half of the year. In this context, major players with greater diversification and technological monetization capacity are acting as a relative safe haven. In contrast, companies more exposed to the advertising cycle or discretionary consumption are showing greater sensitivity to risk, highlighting a clear internal rotation within the tech sector. Amazon Analysis (Ticker: AMZN) Since the highs of November 2025, the company has tested twice the area just below its all-time highs of $258.60, moving for over a year within a range between $239 and $202. The point of control is currently located in the previous consolidation zone around $230. The current trading range, following the sharp corrections in February triggered by market panic, has pushed the company to consolidate again between $202.19 and $217.96. Yesterday’s session reinforced the idea that Amazon may recover its price after positioning above the 50-day moving average and almost in contact with the 100-day. If this evolution is confirmed positively, it would occur after breaking above the 200-day moving average at $219.19, which would open the path for a recovery at least towards the point of control area and possible tests of resistance zones previously mentioned, just below the highs around $242.50. If this evolution is not confirmed, a rebound could occur with prices moving sideways and retesting the current lows. Regarding indicators, RSI has been recovering from the excessive oversold levels of February 12, although it still maintains a slightly bearish short-term bias. MACD confirms this view, with the histogram recovering and both the MACD line and signal line still below equilibrium. On the other hand, looking at the U.S. market, the ActivTrades US Market Pulse indicator shows a shift from a high risk-off environment to a neutral zone, with a gradual increase in investment flows, suggesting a bullish bias following the oversold conditions of the past month and a half. In this environment, Amazon not only confirms its relative strength but also reinforces its position as one of the most solid assets within the growth segment during periods of geopolitical uncertainty. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.

But, we are well under the 200 sma of $224. It's the second strongest MAG 7 in my opinion and a leader in AI if you're into that trade. No position currently I am monitoring to break support or above resistance to pick a side but I would lean slightly toward bullish with the flag still forming

I have my macro bullish count plotted showing an extended wave 3 to the upside on both counts but the one in the included image is the higher probability count! I know the count on the chart has more information because this scenario has wave 5 complete, which means im either trading the higher degree wave 4 down, or my other count is right and it will be a quick sharp wave 2 pullback of a lower degree, before completing the remaining 3rd, 4th, & 5th waves necessary for the Higher Degree 3rd wave to be complete (Then its an extended bear in the coming wave 4). The time spent on this correction as well as the depth of the structure will tell us if its a wave 2 or wave 4. Either way it is only a pause in the bullish trend as i dont see Amazons monopolization of the world slowing down anytime soon xD

Volume printed 58.47M shares with dollar volume at 12.18B, classifying as Active on the Z-score at 0.52 — above average but not a spike event. VolZ 1:5 reads 0.52 against -0.53 five bars ago, a +1.06 acceleration with double-up arrows. The volume base was dry and is now turning active from below zero, which is the quality accumulation signal rather than a blow-off. No futures data applies as this is an equity instrument. Signal count reads 32 green to 16 red out of 112, with 12 green to 2 red on close-versus-Tenkan — shorter-term momentum is clearly recovering. EMA trend sits at 1 green to 5 red, only the shortest timeframe EMA stack has flipped bullish. Ichimoku TK at 3 green to 8 red confirms the intermediate and longer timeframes remain structurally bearish. Candle bias counters strongly at 13 green to 1 red — recent price action is almost entirely bullish. Supply-demand shows 6 demand zones to 2 supply, demand-heavy structure. Spread reads 20% Moderate, not high conviction directionally. Three Morning Stars fired with 3 green to zero bearish pattern signals — identical to NVDA in pattern composition, no bearish candle patterns present anywhere across 14 timeframes. Squeeze is HIGH at 12 bars with momentum Bear ↑ and BBW at 9.01% Normal. Twelve bars of compression at HIGH tier means this squeeze is one category below Imminent — it is mature and loaded. Vol Z at 0.52 Active. VolZ 1:5 acceleration at +1.06 double-up from a negative base. Bull:Bear Z reads 1.37 to -0.86 Bull Lean — buying volume is above average while selling volume is below average, a clean directional divergence in the volume structure. OBV Z at 0.26 with Inflow direction is building slowly, not yet at a level that confirms strong accumulation but trending the right way. S.Mom reads Exp ↑ at 80.3% Coiling — the squeeze momentum is expanding upward while BBW is still in coiling territory, meaning the compression has not fully released yet. Price at 19.6% Floor of the 258.60 to 196.00 range, meaning AMZN is sitting near the bottom of its entire visible range at 208.27. Retrace from prior structure high reads -5.5% Deep. Bounce from the range low is only 4.6% at 0.8x Bal — the ratio below 1x confirms price has barely moved off the floor, the retrace depth still outweighs the recovery. Cascade reads Normal with 5-bar move at +0.5%, essentially flat. A POI is visible on the price chart directly overhead from prior structure, confirming near-term resistance exists before price can run freely. The honest read: AMZN at 19.6% of range with a 12-bar HIGH squeeze building from a Coiling BBW state is a structurally superior setup to NVDA's already-fired squeeze. The compression is still intact — the move has not happened yet. Three Morning Stars with zero bearish patterns, Bull Lean volume structure, and OBV building from Inflow are all pre-breakout accumulation signals. The problems are identical to NVDA: EMA stack at 1 of 14 timeframes bullish and Ichimoku at 3 to 8 bearish means the macro trend has not turned. The squeeze firing from this 12-bar compression into a price floor at 19.6% of range with active volume acceleration is the highest-quality setup of the equities reviewed today. The entry trigger is the squeeze firing with momentum crossing from Bear ↑ to Bull ↑ — that cross has not happened yet, and waiting for it is the disciplined read. Is That Crypto Pump Real? Data Says No. Here's Why. Stop Losing Money to Fake Volume. Find Real Moves Now. Trade the REAL Crypto Volume. Stop Getting Faked Out.

As of April 1, 2026, Amazon (AMZN) stock is trading around $204-$208, experiencing volatility as investors weigh massive 2026 AI related $200 billion against strong AWS growth. AMZN has been testing support levels after dropping in late March. stock is shows a strong bullish consensus, for long term market. Technical outlook: Stock is showing a partial sell, as price is currently at the trendline resistance. stock have been on bearish trend of support and resistance for couple of days now, in respect of the 1hr chart structure. Key points: More bearish confirmation below the trendline resistance, activates a short position down to 203.21-200.18, as potential sell levels. Thanks for reading.

Amazon: ⬆️ Buy - Amazon reversed from support level 200.00 - Likely to rise to resistance level 216.90 Amazon recently reversed from the support zone between the round support level 200.00 (which has been reversing the price from May of 2025), lower daily Bollinger Band and the 61.8% Fibonacci correction of the uptrend from last April. The upward reversal from this support zone stopped the previous minor impulse wave iii of the higher impulse wave (1) from November. Amazon can be expected to rise to the next resistance level 216.90 (former support from November, which stopped earlier wave ii).

AMZN is not in a random spot right now.
Price is sitting at a level where it either stabilizes or continues lower. This is one of those setups where I stay patient and let price show its hand. Daily On the daily, AMZN already rolled over after failing near the 240 to 250 area. I can see clear lower highs forming and price breaking down from previous support. That 210 to 213 zone is now acting as resistance. Price tried to hold it before and failed, so now it becomes a ceiling. Right now price is sitting around 200, which is the next important area. What stands out to me is what is missing. I do not see any strong bullish candle or clear reversal signal. There is no real sign that buyers stepped in with strength. So for me, the daily is still bearish. This bias can stay in play for the next few days unless price can reclaim back above 210. 1H On the 1H, the story becomes even clearer. There is a clean downtrend and price keeps respecting the trendline from the highs. Every bounce has been sold. Structure is still intact with lower highs and lower lows. Nothing has changed yet. Now look at current price action around 199 to 200. Candles are small and movement is slow. If this was strong support, I would expect a sharp bounce. Instead, price is just sitting there. That usually means support is being tested and getting weaker. Also notice the last bounce could not even reach the prior high. That tells me buyers are not in control yet. GEX Looking at GEX, there is strong support built around the 195 to 200 zone. Above price, there is room toward 205 to 210, but not a strong wall right away. Higher up, resistance is stacked near 230 and above. So right now price is sitting right on a key gamma level. If this area holds, we can see stabilization and a bounce.
If it breaks, price can move lower faster because there is not much support underneath. Putting it together When I combine everything, this is how I see it. Daily is still bearish with no reversal
1H is weak at support with no strong buyers
GEX shows we are sitting on a level that can trigger a move So this is not a spot where I try to guess direction. This is a level where I wait and react. My plan for Mar 31 If price holds 200 and I see buyers step in, then I want to see a move back above 203 to 205. If that happens, I will look for continuation toward 208 and possibly 210. If price breaks below 200 and stays there, then I will look for continuation down toward 195 and possibly lower. That move aligns better with the current trend and structure. What I’m watching Right now the level is clear. Price is sitting at support, but the reaction is weak so far. So I am not forcing a trade here. I will let price confirm first. If buyers show up, I go with the bounce.
If not, I follow the breakdown.

**PLAY OF THE DAY** **AMZN** Watching for two different scenarios here depending on what we see across the markets as a whole. Both setups looks like they have great potential to finally get us back on track with some great options trades this week! **SHORT SETUP** **ENTRY** - 202-202.75 **SL** - over 203.25 (if entering closer to 202 then SL over 202.75) **PT** - 201.15 / 200 / 199 **LONG POSITION** **ENTRY** - over 203.25 **SL** - under 202.75 **PT** - 204.35 / 205.25 / 206 @everyone

Amazon is down to the .618 retrace. This is my largest holding. I am very bullish on the business long term. I expect well over 300$ in the year to come. Markets can remain irrational for a while. I do not believe their capex will yield a low return, they can always use all of the data center buildout for AWS which has a massive backlog.

Q2 2026 Equity Outlook is now live. This quarter’s analysis focuses on the incentive structures, liquidity conditions, and behavioral dynamics shaping equity markets as we move deeper into 2026. The goal is to cut through noise and highlight the forces that actually matter for positioning and risk. Full analysis here: rtnginvest.substack.com Charts we are looking at in the analysis: NASDAQ:LIN , NYSE:GE , NYSE:NEE , NYSE:MCD