CNYHKD sees MACD Histogram crosses below signal line
CNYHKD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 06, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 121 instances where the indicator turned negative. In of the 121 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 04, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CNYHKD as a result. In of 154 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 Aroon Indicator for CNYHKD entered a downward trend on December 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
CNYHKD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
CNYHKD and Forex
Correlation & Price change
A.I.dvisor tells us that CNYHKD and HKDCNY have been negatively correlated (-79% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CNYHKD and HKDCNY's prices could move in opposite directions.
| Ticker / NAME | Correlation To CNYHKD | 1D Price Change % | ||
|---|---|---|---|---|
| CNYHKD | 100% | N/A | ||
| HKDCNY - CNYHKD | -79% Negatively correlated | N/A |