Amazon.com  (AMZN) - Get Report   is getting hit on Monday, down 1.8% despite better-than-expected holiday sales data.

Last week, traders and investors alike began to notice the multi-day strength in Amazon stock. While that would be far from remarkable in years past, Amazon has been anything but impressive lately.

Shares are still down more than 13% from their 52-week high, making Amazon one of the worst-performing FAANG stocks over the past year. Netflix (NFLX) - Get Report is the only stock of the group that's doing worse.

More baffling is the fact that the S&P 500, Nasdaq and Dow Jones Industrial Average have been chugging higher to new records over the past month.

Black Friday and Cyber Monday sales data have been strong, which many investors were hoping would give Amazon a much-needed spark. This makes Amazon a great pick for Real Money'sStock of the Day

Despite the lacking rally in Amazon, Wall Street analysts have stuck with the stock. Currently, there are 47 buy ratings, two holds and no sell ratings. 

Let's take a closer look at the charts.

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Trading Amazon Stock

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Amazon stock rallied almost $100 per share in just four trading sessions, but topped out near $1,824 last week. The stock hit this mark on Wednesday and the holiday-shortened Friday trading session (Black Friday).

After such a quick rally, and with the 100-day and 200-day moving averages resting at $1,805 and $1,814, respectively, it's no surprise the stock took a breather. It didn't help matters that the stock market took a hit on Monday as investors work off the turkey and adjust to increasing trade tensions.

However, the pullback in AMZN stock specifically is starting to gain steam.

For bulls, it would be encouraging to see the stock hold the 50-day moving average, currently at $1,761. If the 50-day fails to hold as support, it puts uptrend support (blue line) in play, as well as range support near $1,700.

On the upside, let's see if Amazon stock can push through $1,825. If it can, it would be a very critical development, as this has been a notable level over the past year. Further, it would put AMZN stock above the 100-day and 200-day moving averages.

Above $1,825 and the next upside target is the 78.6% retracement at $1,879.84.

This article is commentary by an independent contributor. At the time of publication, the author had no positions in the stocks mentioned.