Aroon Indicator for CHFCNY shows an upward move is likely
CHFCNY's Aroon Indicator triggered a bullish signal on December 12, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 218 similar instances where the Aroon Indicator showed a similar pattern. In of the 218 cases, the stock moved higher in the days that followed. This puts the odds of a move higher 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 CHFCNY's RSI Indicator exited the oversold zone, of 29 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 21, 2024. You may want to consider a long position or call options on CHFCNY as a result. In of 129 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 CHFCNY just turned positive on December 21, 2024. Looking at past instances where CHFCNY's MACD turned positive, the stock continued to rise in of 99 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 CHFCNY advanced for three days, in of 198 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHFCNY 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 Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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CHFCNY and Forex
Correlation & Price change
A.I.dvisor tells us that CHFCNY and CNYCHF have been negatively correlated (-73% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CHFCNY and CNYCHF's prices could move in opposite directions.
| Ticker / NAME | Correlation To CHFCNY | 1D Price Change % | ||
|---|---|---|---|---|
| CHFCNY | 100% | -0.04% | ||
| CNYCHF - CHFCNY | -73% Negatively correlated | +0.04% |