CNYHKD's Indicator enters downward trend
The Aroon Indicator for CNYHKD entered a downward trend on February 17, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 276 similar instances where the Aroon Indicator formed such a pattern. In of the 276 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CNYHKD moved out of overbought territory on February 05, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 96 cases where CNYHKD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
CNYHKD broke above its upper Bollinger Band on February 15, 2025. 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 Momentum Indicator moved above the 0 level on February 13, 2025. You may want to consider a long position or call options on CNYHKD as a result. In of 153 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 CNYHKD just turned positive on February 20, 2025. Looking at past instances where CNYHKD's MACD turned positive, the stock continued to rise in of 121 cases over the following month. The odds of a continued upward trend are .
CNYHKD and Forex
Correlation & Price change
A.I.dvisor tells us that CNYHKD and HKDCNY have been negatively correlated (-89% 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 | -89% Negatively correlated | N/A |