Momentum Indicator for CADHKD turns positive, indicating new upward trend
CADHKD saw its Momentum Indicator move above the 0 level on September 12, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 120 similar instances where the indicator turned positive. In of the 120 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CADHKD's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CADHKD just turned positive on September 11, 2023. Looking at past instances where CADHKD's MACD turned positive, the stock continued to rise in of 90 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 240 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where CADHKD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for CADHKD entered a downward trend on September 01, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
CADHKD and
Correlation & Price change
A.I.dvisor tells us that CADHKD and HKDCAD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CADHKD and HKDCAD's prices could move in opposite directions.
| Ticker / NAME | Correlation To CADHKD | 1D Price Change % | ||
|---|---|---|---|---|
| CADHKD | 100% | N/A | ||
| HKDCAD - CADHKD | -100% Negatively correlated | N/A |