ACA.X's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for ACA.X turned positive on April 23, 2024. Looking at past instances where ACA.X's MACD turned positive, the stock continued to rise in 17 of 23 cases over the following month. The odds of a continued upward trend are 74%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ACA.X's RSI Indicator exited the oversold zone, 20 of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.

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 +3.58% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 98 of 136 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.

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

$ACA

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