Bullish Trend Analysis
The Moving Average Convergence Divergence ( ) for AMZN just turned positive on September 29, 2020. Looking at past instances where AMZN's turned positive, the stock continued to rise, Tickeron A.I. detected that in 31 of 47 cases over the following month. The odds of a continued upward trend are 66%.
AMZN moved above its 50-day Moving Average on October 01 , 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +2.43% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZN advanced for three days, in 284 of 395 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
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 248 of 343 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.