Aroon Indicator for ANKR.X shows an upward move is likely

ANKR.X's

Aroon Indicator triggered a bullish signal on March 31, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 287 similar instances where the Aroon Indicator showed a similar pattern. In 210 of the 287 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 73%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 22, 2024. You may want to consider a long position or call options on ANKR.X as a result. In 86 of 132 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 65%.

The Moving Average Convergence Divergence (MACD) for ANKR.X just turned positive on April 23, 2024. Looking at past instances where ANKR.X's MACD turned positive, the stock continued to rise in 38 of 60 cases over the following month. The odds of a continued upward trend are 63%.

Following a +23.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where ANKR.X advanced for three days, in 288 of 434 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.

ANKR.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

$ANKR

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