Question 1

What implications does the 10-day RSI indicator have for AKAN?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AKAN's RSI Oscillator exited the oversold zone, 23 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about AKAN's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 25 of 28 cases where AKAN'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 0%.

Question 3

How did AKAN's Momentum indicator behave recently?

Accepted Answer

AKAN saw its Momentum Indicator move below the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator turned negative. In 40 of the 40 cases, the stock moved further down in the following days. The odds of a decline are at 0%.

Question 4

What does MACD indicator imply for AKAN?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for AKAN just turned positive on August 12, 2024. Looking at past instances where AKAN's MACD turned positive, the stock continued to rise in 21 of 22 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for AKAN?

Accepted Answer

Following a +9.68% 3-day Advance, the price is estimated to grow further. Considering data from situations where AKAN advanced for three days, in 89 of 101 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.

Question 6

What does a 3-day decline signify for AKAN's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AKAN 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 0%.

Question 7

How does the Aroon Indicator reflect on AKAN's trend?

Accepted Answer

The Aroon Indicator for AKAN entered a downward trend on August 19, 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.

AKAN Stock Akanda (AKAN, $0.13) Aroon Indicator entered a Downtrend on May 16, 2024.

Momentum Indicator for AKAN turns negative, indicating new downward trend

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