AKRO.X in -2.61% downward trend, declining for three consecutive days on June 15, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AKRO.X declined for three days, in 291 of 425 cases, the price declined further within the following month. The odds of a continued downward trend are 68%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AKRO.X as a result. In 82 of 122 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.

The Moving Average Convergence Divergence Histogram (MACD) for AKRO.X turned negative on June 07, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 64 similar instances when the indicator turned negative. In 40 of the 64 cases the stock turned lower in the days that followed. This puts the odds of success at 62%.

AKRO.X moved below its 50-day moving average on June 06, 2024 date and that indicates a change from an upward trend to a downward trend.

The Aroon Indicator for AKRO.X entered a downward trend on June 17, 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.

$AKRO

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