AKBA Stock Akebia Therapeutics (AKBA, $1.33) entered Downtrend as Momentum indicator drops below 0 level on Oct 16, 2024
AKBA in downward trend: 10-day moving average crossed below 50-day moving average on September 24, 2024
The 10-day moving average for AKBA crossed bearishly below the 50-day moving average on September 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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
AKBA moved below its 50-day moving average on September 17, 2024 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for AKBA moved below the 200-day moving average on October 03, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AKBA 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 AKBA entered a downward trend on October 10, 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 63 cases where AKBA'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 .
The Momentum Indicator moved above the 0 level on October 17, 2024. You may want to consider a long position or call options on AKBA as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AKBA just turned positive on October 15, 2024. Looking at past instances where AKBA's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
