Nov 13, 2026 · Weekly issue

Before the Breakout: Amazon.com Inc (AMZN)

Picked by a fixed rule: the open setup with the highest score among US stocks with a market cap above $5 billion and average daily dollar volume above $50 million. Setup grade: B (reasonable technical structure), score 70/100.

Trend

Uptrend

RSI (14)

58

ATR (14)

9.3079

Distance from moving averages: 20-day +4.26% · 50-day +5.02% · 150-day +4.95% · 200-day +9.40%

Nearest support: 267.44 (tested 1x)

Nearest resistance: 275.49 (tested 2x)

Nearest Fibonacci level: 0.236 (261.86)

Ascending triangle bullish · confidence 64%

Breakout level

277.42

Technical target

330.70

Invalidation (ATR)

256.48

Reward-to-risk ratio: 2.5

The structure on the chart

Amazon.com Inc (AMZN) was trading around $267.44 at the time of this issue, about 3.0% below a resistance zone near $275. The pattern the engine identified: ascending triangle.

Trend and momentum

The daily trend is up. Price was above all four moving averages we track (20, 50, 150 and 200 days). RSI at 58 was not at an extreme, which leaves room to move.

Volume and liquidity

The stock has an average daily dollar volume of about $13 billion and a market cap of about $2.9 trillion, liquid enough that even larger orders face a negligible bid-ask spread.

What would confirm a breakout

A daily close above the $275 zone on above-average volume, followed by a retest of the level from above that holds. An intraday pop that closes back below the level is not a breakout.

What would cancel the setup

A daily close below the low of the consolidation, a low-volume breakout that fails to hold for two days, or the broad market slipping below its 200-day average. If that happens, the setup is simply off.

The setup updates in the app with every candle, including the hourly trigger and the live score. See the full setup on the chart, no sign-up needed

What happened to last week's pick

Visa Inc. Class A (V): not triggered yet: the breakout level has not been reached, so the setup is still open. Read that issue.

This is a setup, not a forecast: the price may never break out, and a breakout does not guarantee the target.

All issues