Amazon stock has pulled back to its 12-month moving average
Amazon.com Inc (NASDAQ:AMZN) stock was last seen up 2.5% at $226.70, after a strong 2026 outlook from Truist Securities. The firm expects the Big Tech giant to grow 10.5% year over year, citing faster delivery capabilities and personalized offerings powered by generative AI. The e-commerce name also yesterday named Peter DeSantis as its lead for its new artificial general intelligence (AGI) division.
On the charts, Amazon stock has chopped lower since its Nov. 3 record high of $258.60. The equity is still up 1.9% in the last month despite the recent tech selloff, however, and looks like it could soon stage a short-term bounce.
More specifically, the recent pullback has AMZN within 3% of its 12-month moving average, after closing above it for the past five months. According to Schaeffer's Senior Quantitative Analyst Rocky White, this signal has occurred 22 other times over the past 20 years, after which the stock was higher one month later 11 times of those times with an average 2% gain. Three months after this signal, the security averaged an even larger 7.8% gain, with 68% of those returns positive.
When weighing in on AMZN's next move, options look like a good way to go. The stock's Schaeffer's Volatility Index (SVI) of 28% sits in the low 9th percentile of its annual range, meaning options traders are pricing in low volatility expectations.