Amazon shares gain for a third straight session on Wednesday, company introduces international shopping feature from the United States

Amazon.com Inc said on Tuesday that an international shopping feature had been launched for clients worldwide, allowing them to order over 45 million items, which will be shipped from the United States to their geographic location.

Amazon shares closed higher for a third consecutive trading session on Wednesday. The stock went up 1.60% ($24.01) to $1,527.84, after touching an intraday high at $1,533.80, or a price level not seen since March 27th ($1,575.96).

In the week ended on April 15th the shares of the e-commerce giant added 1.82% to their market value compared to a week ago, which marked the first gain out of five weeks.

The stock has extended its advance to 5.56% so far during the current month, following a 4.30% slump in March. The latter has been the first drop out of three months and also the largest one since November 2016.

For the entire past year, the shares of the NASDAQ-listed company rose 55.96% following another 10.95% surge in 2016.

The feature will offer a variety of shipping options and delivery speeds, will allow the use of 25 currencies and will support five languages – English, German, Brazilian Portuguese, simplified Chinese and Spanish.

Amazon said that additional currencies and languages would be available later this year.

The feature will also allow users to view pricing, shipping costs and import duty estimates as well as Amazons managing courier service and customs clearance.

According to CNN Money, the 44 analysts, offering 12-month forecasts regarding Amazon.com Inc’s stock price, have a median target of $1,700.00, with a high estimate of $2,000.00 and a low estimate of $1,500.00. The median estimate is an 11.27% surge compared to the closing price of $1,527.84 on April 18th.

The same media also reported that 39 out of 46 surveyed investment analysts had rated Amazon.com Inc’s stock as “Buy”, while 2 – as “Hold”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Amazon stock are presented as follows:

R1 – $1,530.53
R2 – $1,533.22
R3 (Range Resistance – Sell) – $1,535.92
R4 (Long Breakout) – $1,543.99
R5 (Breakout Target 1) – $1,553.43
R6 (Breakout Target 2) – $1,557.67

S1 – $1,525.15
S2 – $1,522.46
S3 (Range Support – Buy) – $1,519.76
S4 (Short Breakout) – $1,511.69
S5 (Breakout Target 1) – $1,502.25
S6 (Breakout Target 2) – $1,498.01

By using the traditional method of calculation, the weekly levels of importance for Amazon.com Inc (AMZN) are presented as follows:

Central Pivot Point – $1,431.05
R1 – $1,459.52
R2 – $1,488.26
R3 – $1,516.73
R4 – $1,545.21

S1 – $1,402.31
S2 – $1,373.84
S3 – $1,345.10
S4 – $1,316.37