# Amazon stock has a hard time

*$AMZN tries to hold 50 EMA*

By [Stock Charts - Technical Analysis](https://paragraph.com/@stockcharts) · 2024-05-30

$amzn, stockchart

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![](https://storage.googleapis.com/papyrus_images/35a72668a80722fed045d1274ccfea6d.jpg)

The Amazon stock has a hard time keeping the uptrend. Today, the price is below the 50 EMA. The dmi-indicator has clearly become negative, indicating a downtrend. There are probably many stop loss orders around $175 - $170.

[Disclaimer](https://telegra.ph/Disclaimer-05-06-43)

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*Originally published on [Stock Charts - Technical Analysis](https://paragraph.com/@stockcharts/amazon-stock-looks-weak)*