AKRO.X sees MACD Histogram crosses below signal line
AKRO.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on July 31, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 67 instances where the indicator turned negative. In 46 of the 67 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 69%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AKRO.X moved out of overbought territory on June 29, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator moved out of overbought territory. In 32 of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at 64%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AKRO.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 69%.
$AKRO
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