AUDCAD's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for AUDCAD turned positive on December 13, 2024. Looking at past instances where AUDCAD's MACD turned positive, the stock continued to rise in of 106 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 89 cases where AUDCAD'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 December 17, 2024. You may want to consider a long position or call options on AUDCAD as a result. In of 126 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
AUDCAD 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 Aroon Indicator for AUDCAD entered a downward trend on December 16, 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.
AUDCAD and Forex
Correlation & Price change
A.I.dvisor tells us that AUDCAD and CADAUD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that AUDCAD and CADAUD's prices could move in opposite directions.
| Ticker / NAME | Correlation To AUDCAD | 1D Price Change % | ||
|---|---|---|---|---|
| AUDCAD | 100% | N/A | ||
| CADAUD - AUDCAD | -100% Negatively correlated | N/A |