Bullish Trend Analysis
The Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
AMZN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Indicator entered an Uptrend today. Tickeron A.I. detected that in 244 of 350 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 70%.