CADHKD Canadian Dollar - Hong Kong Dollar Forecast, Technical & Fundamental Analysis

CADHKD's RSI Indicator leaves overbought zone

The 10-day RSI Indicator for CADHKD moved out of overbought territory on April 14, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CADHKD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CADHKD broke above its upper Bollinger Band on April 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 06, 2025. You may want to consider a long position or call options on CADHKD as a result. In of 138 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 CADHKD just turned positive on April 17, 2025. Looking at past instances where CADHKD's MACD turned positive, the stock continued to rise in of 104 cases over the following month. 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 CADHKD advanced for three days, in of 232 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 263 cases where CADHKD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .