ACA.X in upward trend: 10-day moving average moved above 50-day moving average on February 11, 2024
The 10-day moving average for ACA.X crossed bullishly above the 50-day moving average on February 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 8 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ACA.X as a result. In 25 of 47 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%.
The Moving Average Convergence Divergence (MACD) for ACA.X just turned positive on February 02, 2024. Looking at past instances where ACA.X's MACD turned positive, the stock continued to rise in 12 of 20 cases over the following month. The odds of a continued upward trend are 60%.
ACA.X moved above its 50-day moving average on February 08, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +12.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 87 of 125 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
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