On 30 July, Amazon.com reported its financial results for the second quarter of 2026, significantly exceeding market expectations. Revenue rose 20% year-on-year to $200.6 billion, compared with the consensus forecast of around $196.5 billion. The main growth driver was the AWS cloud business, where sales increased by 37% \u2014 the fastest growth rate in 18 quarters \u2014 while the segment’s operating profit surged to $16.6 billion. Total operating profit climbed 43% to $27.5 billion. Net income reached $62.6 billion, or $5.75 per share, although a substantial portion came from a $53.4 billion non-operating gain related to the revaluation of Amazon’s stake in Anthropic. Advertising revenue also increased by 26% year-on-year.<\/p>\n
Amazon Technical Analysis<\/h2>\n![\"\"](\"https:\/\/fxopen.com\/blog\/en\/content\/images\/2026\/07\/data-src-image-e422bde6-3f78-4bb3-8618-92e5d9d9da0c.png\")
<\/figure>\nOn the four-hour AMZN chart, a downtrend developed after the stock peaked near $278 in May. The decline towards $226 at the end of June was followed by a corrective recovery along an ascending trendline connecting higher lows until mid-July, when the price approached resistance around $258, where the red resistance level is currently located. A break below this trendline signalled that the correction had run out of momentum, after which the price returned to the current market profile range, settling between the POC zone at $244.5 and the lower profile boundary at $232.5. Below this area lies the green support level at $226.5.<\/p>\n
Should the current rebound continue and the price break above the POC zone, it is likely to face two further obstacles: the upper profile boundary at $249 and the red resistance level at $258. It is also worth noting that the RSI + MAs indicator currently shows readings of 46, 36 and 43. The indicator suggests that the slower moving average has yet to move below the parity zone, while the RSI has already recovered from oversold territory.<\/p>\n
Summary<\/h2>\n
Strong earnings provide a fundamental catalyst for a continuation of the current rebound, although the RSI + MAs oscillator has yet to generate a clear signal. In the coming days, further guidance from management on AI infrastructure capital expenditure, along with the market’s reaction to earnings reports from other technology giants, could determine the stock’s next move.<\/p>\n
Buy and sell stocks of the world’s biggest publicly-listed companies with CFDs on FXOpen\u2019s trading platform. Open<\/a> your FXOpen account now or learn more<\/a> about trading share CFDs with FXOpen.<\/p>\nThis article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.<\/i><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"
On 30 July, Amazon.com reported its financial results for the second quarter of 2026, significantly exceeding market expectations. Revenue rose 20% year-on-year to $200.6 billion, compared with the consensus forecast of around $196.5 billion. The main growth driver was the AWS cloud business, where sales increased by 37% \u2014 the fastest growth rate in 18 […]<\/p>\n","protected":false},"author":1,"featured_media":359799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136382],"tags":[2100,10990,21563,181138,13651,12829,457],"dealstore":[],"offerexpiration":[],"class_list":["post-359798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shares","tag-amazon","tag-analysis","tag-breakout","tag-coincide","tag-correction","tag-earnings","tag-strong"],"yoast_head":"\n
Amazon Analysis: Strong Earnings Coincide with a Breakout from the Correction - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=359798\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Analysis: Strong Earnings Coincide with a Breakout from the Correction - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"On 30 July, Amazon.com reported its financial results for the second quarter of 2026, significantly exceeding market expectations. Revenue rose 20% year-on-year to $200.6 billion, compared with the consensus forecast of around $196.5 billion. 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<\/figure>\nOn the four-hour AMZN chart, a downtrend developed after the stock peaked near $278 in May. The decline towards $226 at the end of June was followed by a corrective recovery along an ascending trendline connecting higher lows until mid-July, when the price approached resistance around $258, where the red resistance level is currently located. A break below this trendline signalled that the correction had run out of momentum, after which the price returned to the current market profile range, settling between the POC zone at $244.5 and the lower profile boundary at $232.5. Below this area lies the green support level at $226.5.<\/p>\n
Should the current rebound continue and the price break above the POC zone, it is likely to face two further obstacles: the upper profile boundary at $249 and the red resistance level at $258. It is also worth noting that the RSI + MAs indicator currently shows readings of 46, 36 and 43. The indicator suggests that the slower moving average has yet to move below the parity zone, while the RSI has already recovered from oversold territory.<\/p>\n
Summary<\/h2>\n
Strong earnings provide a fundamental catalyst for a continuation of the current rebound, although the RSI + MAs oscillator has yet to generate a clear signal. In the coming days, further guidance from management on AI infrastructure capital expenditure, along with the market’s reaction to earnings reports from other technology giants, could determine the stock’s next move.<\/p>\n
Buy and sell stocks of the world’s biggest publicly-listed companies with CFDs on FXOpen\u2019s trading platform. Open<\/a> your FXOpen account now or learn more<\/a> about trading share CFDs with FXOpen.<\/p>\n This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.<\/i><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":" On 30 July, Amazon.com reported its financial results for the second quarter of 2026, significantly exceeding market expectations. Revenue rose 20% year-on-year to $200.6 billion, compared with the consensus forecast of around $196.5 billion. The main growth driver was the AWS cloud business, where sales increased by 37% \u2014 the fastest growth rate in 18 […]<\/p>\n","protected":false},"author":1,"featured_media":359799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136382],"tags":[2100,10990,21563,181138,13651,12829,457],"dealstore":[],"offerexpiration":[],"class_list":["post-359798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shares","tag-amazon","tag-analysis","tag-breakout","tag-coincide","tag-correction","tag-earnings","tag-strong"],"yoast_head":"\n