AKRO.X in upward trend: price expected to rise as it breaks its lower Bollinger Band on June 07, 2024

AKRO.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 40 of 48 cases where AKRO.X's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 83%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a +4.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where AKRO.X advanced for three days, in 276 of 374 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.

$AKRO

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