CryptoCurrent: Expect the SEC to Target More Token Exchanges

The Securities and Exchange Commission’s (SEC) settlement with the founder of EtherDelta is likely the first of many enforcement actions to come against crypto token exchanges.

Aroon Indicator for AST.X shows an upward move is likely

AST.X's Aroon Indicator triggered a bullish signal on April 11, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 7 similar instances where the Aroon Indicator showed a similar pattern. In of the 7 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AST.X's RSI Indicator exited the oversold zone, of 5 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AST.X advanced for three days, in of 72 cases, the price rose further within the following month. The odds of a continued upward trend are .

AST.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on April 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AST.X as a result. In of 30 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 AST.X turned negative on April 25, 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 11 similar instances when the indicator turned negative. In of the 11 cases the stock turned lower in the days that followed. This puts the odds of success at .

AST.X moved below its 50-day moving average on April 12, 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 AST.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 .

Fundamental Analysis (Ratings)

Market Cap

The average market capitalization across the group is 21.75M. The market cap for tickers in the group ranges from 21.75M to 21.75M. AST.X holds the highest valuation in this group at 21.75M. The lowest valued company is AST.X at 21.75M.

High and low price notable news

The average weekly price growth across all stocks in the group was -12%. For the same group, the average monthly price growth was -33%, and the average quarterly price growth was 34%. AST.X experienced the highest price growth at -12%, while AST.X experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the group was -6%. For the same stocks of the group, the average monthly volume growth was 59% and the average quarterly volume growth was 53%