Amazon stock forecast tomorrow based on recent trading volume and

Based on recent trading volume and options flow, Amazon stock forecast tomorrow points toward mild bullish pressure, as institutional buying increased 3% over the past week, hinting at potential price testing near $185 if pre-market futures remain stable. A reasonable valuation along with further earnings gains and progress from AWS could draw more and more investors to the shares this year -- even after last year's gains. Of course, it's impossible to forecast a stock's path with 100% accuracy. But considering these three points, it's fair to say Amazon has what it takes to potentially explode higher in 2024 -- and even better, score a win for investors over time. Mitrade International Ltd is the issuer of the financial products that are described or available on this website. Mitrade International Ltd is authorised and regulated by Mauritius Financial Services Commission (FSC) and the licence number is GB20025791. The registered office address is 6 St Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius. Mitrade Global Pty Ltd with ABN 90 149 011 361 holds an Australian Financial Services Licence (AFSL 398528). Mitrade Holding is authorised and regulated by Cayman Islands Monetary Authority (CIMA) and the SIB licence number is 1612446. Market breadth indicators strengthen Amazon stock forecast tomorrow, with advancing stocks on the Nasdaq outnumbering decliners, pointing toward supportive conditions for AMZN’s short-term rally.