Aurora Cannabis (ACB, $0.74) entered Downtrend as Momentum indicator drops below 0 level on Sep 25, 2023

A.I.dvisor
at Tickeron.com
09/26/23
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ACB - Aurora Cannabis
Momentum signal
Bearish Trend
90%
Odds of DOWN Trend
Momentum signal
Price: $0.7427
Daily change: -$0.0084 (-1.12%)
Daily volume: 29.2M
Industry: Pharmaceuticals: Other
This indicator may be signaling that ACB's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 87 similar cases where ACB's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a licensed producer of medical marijuana in Canada

Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
3498 63 Avenue
Phone
+1 855 279-4652
Employees
1130
Web
https://www.auroramj.com
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ACB and

Correlation & Price change

A.I.dvisor indicates that over the last year, ACB has been closely correlated with CGC. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if ACB jumps, then CGC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ACB
1D Price
Change %
ACB100%
-1.91%
CGC - ACB
77%
Closely correlated
-4.06%
TLRY - ACB
68%
Closely correlated
+1.91%
SNDL - ACB
65%
Loosely correlated
-1.04%
OGI - ACB
61%
Loosely correlated
+1.54%
CRON - ACB
55%
Loosely correlated
-0.74%
More