ACA.X in -13.95% downward trend, falling for three consecutive days on July 05, 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 ACA.X declined for three days, in 163 of 246 cases, the price declined further within the following month. The odds of a continued downward trend are 66%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ACA.X as a result. In 33 of 55 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 60%.

The Moving Average Convergence Divergence Histogram (MACD) for ACA.X turned negative on July 05, 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 23 similar instances when the indicator turned negative. In 15 of the 23 cases the stock turned lower in the days that followed. This puts the odds of success at 65%.

The Aroon Indicator for ACA.X entered a downward trend on July 07, 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.

$ACA
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