CNYCAD's Stochastic Oscillator is sitting in overbought zone for 9 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
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 CNYCAD as a result. In of 166 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 CNYCAD turned negative on December 17, 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 119 similar instances when the indicator turned negative. In of the 119 cases the stock turned lower in the days that followed. This puts the odds of success at .
CNYCAD 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 CNYCAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
CNYCAD and Forex
Correlation & Price change
A.I.dvisor tells us that CNYCAD and CADCNY have been negatively correlated (-37% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CNYCAD and CADCNY's prices could move in opposite directions.
| Ticker / NAME | Correlation To CNYCAD | 1D Price Change % | ||
|---|---|---|---|---|
| CNYCAD | 100% | N/A | ||
| CADCNY - CNYCAD | -37% Negatively correlated | N/A |