CADJPY's Stochastic Oscillator stays in oversold zone for 2 days
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
CADJPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 338 cases where CADJPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 13, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CADJPY as a result. In of 134 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 CADJPY turned negative on January 15, 2025. 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 101 similar instances when the indicator turned negative. In of the 101 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CADJPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CADJPY and Forex
Correlation & Price change
A.I.dvisor tells us that CADJPY and JPYCAD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CADJPY and JPYCAD's prices could move in opposite directions.
| Ticker / NAME | Correlation To CADJPY | 1D Price Change % | ||
|---|---|---|---|---|
| CADJPY | 100% | N/A | ||
| JPYCAD - CADJPY | -100% Negatively correlated | N/A |