Momentum Indicator for CNYAUD turns negative, indicating new downward trend
CNYAUD saw its Momentum Indicator move below the 0 level on December 17, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 163 similar instances where the indicator turned negative. In of the 163 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 97 cases where CNYAUD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CNYAUD 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 114 similar instances when the indicator turned negative. In of the 114 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 CNYAUD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CNYAUD broke above its upper Bollinger Band on December 07, 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 266 cases where CNYAUD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
CNYAUD and Forex
Correlation & Price change
A.I.dvisor tells us that CNYAUD and AUDCNY have been negatively correlated (-36% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CNYAUD and AUDCNY's prices could move in opposite directions.
| Ticker / NAME | Correlation To CNYAUD | 1D Price Change % | ||
|---|---|---|---|---|
| CNYAUD | 100% | N/A | ||
| AUDCNY - CNYAUD | -36% Negatively correlated | N/A |