87% Chance of Uptrend: Akropolis Cryptocurrency (AKRO.X) Technical Analysis and Market Overview
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Akropolis cryptocurrency (AKRO.X) has recently shown promising signs of a potential uptrend in its price movement. On June 20, 2023, the Aroon Indicator for AKRO.X entered an uptrend, indicating the cryptocurrency's positive momentum. A.I.dvisor's analysis detected that the AroonUp green line is above 70, while the AroonDown red line is below 30. This pattern suggests a strong possibility of an uptrend, making it an attractive opportunity for traders. Going long on AKRO.X or exploring call options for the next month could be considered. Backtesting this indicator, A.I.dvisor found 190 similar cases, with 166 of them resulting in successful outcomes. Based on this data, the odds of success in a potential uptrend are estimated to be around 87%.
Market dynamics within the cryptocurrency market can be unique. For AKRO.X, the average market capitalization within its group is 26.15M. Interestingly, AKRO.X holds the highest valuation within this group at 26.15M, while the lowest valued company is also AKRO.X at 26.15M.
Analyzing the price movements within the group, the average weekly price growth across all stocks was 25%. For the same group, the average monthly price growth was 70%, and the average quarterly price growth was 131%. Notably, AKRO.X experienced the highest price growth at 25%, while also witnessing the biggest fall at 25%.
Examining the volume dynamics, the average weekly volume growth across all stocks in the group was -22%. However, the average monthly volume growth was 127%, and the average quarterly volume growth was 56%.
Additionally, the Momentum Indicator for AKRO.X turned positive on May 21, 2023, indicating a potential new upward trend. Tickeron's A.I.dvisor looked at 101 similar instances where the indicator turned positive, and in 92 of those cases, the stock moved higher in the following days. The odds of a continued upward move are estimated to be around 90%.
Furthermore, price predictions indicate that AKRO.X is expected to grow, with a target price of 0.006920 and a 22.70% chance of success. This would result in a potential return on investment of 13.44% based on the current price of $0.006100 as of Jun 21, 18:48 UTC. The pattern supporting this growth prediction was confirmed when the price hit $0.005510.
Akropolis cryptocurrency (AKRO.X) is exhibiting favorable technical indicators and market dynamics that suggest a potential uptrend. Traders should consider the odds of success in an upward move, the unique characteristics of the cryptocurrency market, and the price predictions influencing AKRO.X's growth potential.
AKRO.X in downward trend: 10-day moving average crossed below 50-day moving average on October 04, 2024
The 10-day moving average for AKRO.X crossed bearishly below the 50-day moving average on October 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 19, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AKRO.X as a result. In of 130 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AKRO.X turned negative on October 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 68 similar instances when the indicator turned negative. In of the 68 cases the stock turned lower in the days that followed. This puts the odds of success at .
AKRO.X moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AKRO.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AKRO.X entered a downward trend on October 05, 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 95 cases where AKRO.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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AKRO.X advanced for three days, in of 384 cases, the price rose further within the following month. The odds of a continued upward trend are .
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.
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
