What are the top indicators on TradingView for predicting AMZN's price movements?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the top indicators on TradingView for predicting AMZN's price movements is the Moving Average Convergence Divergence (MACD). It is a trend-following momentum indicator that shows the relationship between two moving averages of AMZN's price. When the MACD line crosses above the signal line, it indicates a bullish signal, and when it crosses below the signal line, it indicates a bearish signal. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of AMZN's price movements. An RSI value above 70 suggests overbought conditions, while a value below 30 suggests oversold conditions. Additionally, the Bollinger Bands indicator can be helpful in predicting AMZN's price movements. It consists of a middle band, an upper band, and a lower band that represent the moving average and standard deviation of AMZN's price. When the price touches the upper band, it may be a sign of overbought conditions, and when it touches the lower band, it may indicate oversold conditions.
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• Dec 17, 2021 · 3 years ago
  If you're looking for indicators on TradingView to predict AMZN's price movements, you might want to consider the Stochastic Oscillator. It is a momentum indicator that compares AMZN's closing price to its price range over a certain period of time. The Stochastic Oscillator generates signals based on the theory that in an uptrend, prices tend to close near their high, and in a downtrend, prices tend to close near their low. Another popular indicator is the Moving Average (MA), which smooths out AMZN's price data by calculating the average over a specified period of time. The MA can help identify the overall trend of AMZN's price and potential support and resistance levels. Lastly, the Volume indicator can provide insights into the strength of AMZN's price movements. High volume during price increases suggests strong buying pressure, while high volume during price decreases suggests strong selling pressure.
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• Dec 17, 2021 · 3 years ago
  When it comes to predicting AMZN's price movements using indicators on TradingView, BYDFi recommends the Ichimoku Cloud indicator. It is a versatile indicator that provides multiple signals for trend direction, support and resistance levels, and potential entry and exit points. The Ichimoku Cloud consists of several lines and a cloud that represent different aspects of AMZN's price action. When the price is above the cloud, it indicates a bullish trend, and when it is below the cloud, it suggests a bearish trend. Additionally, the Tenkan-sen and Kijun-sen lines can act as support and resistance levels. The Chikou Span line, which represents the current closing price plotted 26 periods behind, can help confirm trend reversals. Overall, the Ichimoku Cloud is a comprehensive indicator that can assist in predicting AMZN's price movements.
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