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Markets › Amazon › Gap up

US stock market · price-structure setup

Gap up on Amazon

On Amazon the gap up showed up 171 times. The target came first 37% of the time, the stop 56%, and 7% went nowhere within 12 candles.

Counted on Amazon: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6330%62%8%
Hourly10842%52%6%

Amazon against the rest

ChartsFoundTarget firstStop firstWent nowhere
Amazon17137%56%7%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016540%40%
2017633%67%
201850%80%
2020825%62%
20221020%80%
2023633%67%
20241338%54%
20256739%54%
20264848%46%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on Amazon

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Gap down · MACD bearish cross · EMA 9/21 bullish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them

The gap up elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony

Questions

How often does the gap up work on Amazon?

In 171 cases on Amazon, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 56%; 7% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.