Amazon.com (AMZN) continues to struggle in the relative strength rankings of the SIA S&P 100 Index Report. Amazon.com had been trending lower for nearly two years and spent most of its time in the Red Unfavored Zone since leaving the green zone in November of 2020. This summer, it looked like AMZN was starting to stage a comeback, snapping a downtrend line and climbing up into the yellow zone. This now appears to have failed, however, with the shares rolling back down into the Red Unfavored Zone. Yesterday, AMZN fell one spot to 53rd place.
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