AMZN +5.89% Uptrend, rising for three consecutive days 09/22/20

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where AMZN advanced for three days, in 285 of 394 cases, the price rose further within the following month. The odds of a continued upward trend are 72%. Current price $3063.71 crossed the resistance line at $3081.11 and is trading between $3081.11 resistance and $3000.12 support lines. Throughout the month of 08/20/20 - 09/22/20, the price experienced a -5% Downtrend. During the week of 09/15/20 - 09/22/20, the stock fell -0.86%.

Bullish Trend Analysis

The Stochastic 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 Aroon 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%.


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