ACA.X sees MACD Histogram crosses below signal line
ACA.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 03, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 17 instances where the indicator turned negative. In 13 of the 17 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 76%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ACA.X as a result. In 30 of 46 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 65%.
ACA.X moved below its 50-day moving average on January 22, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ACA.X crossed bearishly below the 50-day moving average on January 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 2 of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 29%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
The Aroon Indicator for ACA.X entered a downward trend on January 31, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
