For stocks, the best indicator I ever seen was if they doubled in the last 12 months, and if the trend is still intact. Nothing else correlated with future profits as much as past performance, in that particular scenario. Sure helps when all indices are skying at the same time! *edit- any old fashioned screener will pick this up, and it's basically the technical half of William O'Neil's system. The relative strength is the tell.
https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/ Buy yourself a monkey