CADNZD's RSI Oscillator leaves overbought zone
The 10-day RSI Indicator for CADNZD moved out of overbought territory on November 25, 2024. 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 35 instances where the indicator moved out of the overbought zone. In of the 35 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 may be shifting from an upward trend to a downward trend. In of 79 cases where CADNZD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CADNZD as a result. In of 125 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 CADNZD turned negative on December 16, 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 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 CADNZD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CADNZD broke above its upper Bollinger Band on November 21, 2024. 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 Aroon Indicator entered an Uptrend today. In of 297 cases where CADNZD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
CADNZD and Forex
Correlation & Price change
A.I.dvisor tells us that CADNZD and NZDCAD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CADNZD and NZDCAD's prices could move in opposite directions.
| Ticker / NAME | Correlation To CADNZD | 1D Price Change % | ||
|---|---|---|---|---|
| CADNZD | 100% | N/A | ||
| NZDCAD - CADNZD | -100% Negatively correlated | N/A |