ACA.X in upward trend: price rose above 50-day moving average on August 21, 2024

ACA.X moved above its 50-day moving average on August 21, 2024 date and that indicates a change from a downward trend to an upward trend. In 16 of 18 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 89%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on August 19, 2024. You may want to consider a long position or call options on ACA.X as a result. In 30 of 60 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.

The Moving Average Convergence Divergence (MACD) for ACA.X just turned positive on August 17, 2024. Looking at past instances where ACA.X's MACD turned positive, the stock continued to rise in 20 of 26 cases over the following month. The odds of a continued upward trend are 77%.

Following a +10.27% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 105 of 160 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.

$ACA
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