Amazon stock price history analyzing Amazon stock price history

Analyzing Amazon stock price history with Fibonacci retracement levels reveals 38.2% support aligning with $176.50, creating technical confluence for buyers. Such setups are closely monitored by quant-based trading models. It has also been willing and able to evolve its assets and business model -- a wise approach. For instance, in addition to entering (and arguably creating) the public cloud computing industry by launching Amazon Web Services (AWS) in 2006, it's now leveraging its online shopping website as an advertising medium as much as it is an e-commerce platform. The company has done $61 billion in ad business over the past four quarters, versus companywide annual revenue around $700 billion. Amazon’s stock has shown volatility during past market downturns, at times performing worse than the S&P 500 index. Seasonal trends in Amazon stock price history point toward Q3 strength due to Prime Day sales impact. Past data suggests AMZN tends to post double-digit percentage gains around major retail events.