# Binance AMZNUSDT Perpetual Shows 3.93% Gain in Oct. 20 Reading By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35958 Published: 2026-10-20T20:50:22.000Z Updated: 2026-10-20T20:50:22.000Z Section: Investing > Its MACD and signal lines both read 0.9822, leaving the histogram at 0.0000. Morgan Stanley’s $350 target applies to Amazon shares. An Oct. 20 technical reading placed Binance’s AMZNUSDT equity perpetual at $263.64, up 3.93% over 24 hours, while matching momentum lines offered no basis for predicting its next move. The reading put the contract below its $266.56 upper Bollinger Band and above its major moving averages. Its moving average convergence divergence, or MACD, line and signal line each measured 0.9822 in that snapshot. The resulting histogram read 0.0000. Those figures describe one reading; they do not show how the gap between the lines changed over time. A zero histogram is also familiar territory for this contract. On Oct. 12, [AMZNUSDT had a 0.0000 MACD histogram near its upper Bollinger Band](). The Oct. 20 figure therefore does not, by itself, establish a new change in momentum. AMZNUSDT tracks Amazon common stock but is an equity perpetual contract, not a share of Amazon.com Inc. (AMZN). It trades continuously and settles in Tether (USDT). Its quoted price and 24-hour change describe the derivative rather than a closing price for Amazon shares. Morgan Stanley’s 12-month target of $350 applies to those shares. The increase from $335 was reported Oct. 19, along with the firm’s decision to retain its Overweight rating and designate Amazon a Top Pick. An [earlier account of the stock call]() also covered Amazon’s cloud growth and higher companywide capital spending. Amazon Web Services recorded $42.2 billion in sales for the quarter ended June 30, up 37% from a year earlier. That result provides business context for the share target. It is separate from the Oct. 20 technical reading of the Binance contract, whose flat histogram does not indicate where the derivative will trade next. ## Links in this article - [AMZNUSDT had a 0.0000 MACD histogram near its upper Bollinger Band](https://www.tokenpost.com/news/investing/30319) - [earlier account of the stock call](https://www.tokenpost.com/news/investing/35768)