Serhii_Bond

ACA.X sees MACD Histogram just turned negative

Short
BINANCE:ACAUSDT   ACA / TetherUS
ACA.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 03, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 17 instances where the indicator turned negative. In 14 of the 17 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 82%.

Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ACA.X as a result. In 30 of 46 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 65%.

ACA.X moved below its 50-day moving average on January 22, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ACA.X crossed bearishly below the 50-day moving average on January 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 2 of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 29%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.

The Aroon Indicator for ACA.X entered a downward trend on January 30, 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.

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 Oscillator exited the oversold zone, 22 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 73%.

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 21 of 33 cases where ACA.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.

Following a +9.02% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 87 of 124 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.

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.

Market Cap
The average market capitalization across the group is 72.77M. The market cap for tickers in the group ranges from 72.77M to 72.77M. ACA.X holds the highest valuation in this group at 72.77M. The lowest valued company is ACA.X at 72.77M.
High and low price notable news
The average weekly price growth across all stocks in the group was 3%. For the same group, the average monthly price growth was -18%, and the average quarterly price growth was 31%. ACA.X experienced the highest price growth at 3%, while ACA.X experienced the biggest fall at 3%.
Volume
The average weekly volume growth across all stocks in the group was -51%. For the same stocks of the group, the average monthly volume growth was -74% and the average quarterly volume growth was -37%

ACAUSDT

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.