CNYJPY in upward trend: price may ascend as a result of having broken its lower Bollinger Band on February 20, 2025
CNYJPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 30 cases where CNYJPY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 18, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CNYJPY as a result. In of 116 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 CNYJPY turned negative on February 19, 2025. 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 102 similar instances when the indicator turned negative. In of the 102 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for CNYJPY entered a downward trend on February 22, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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CNYJPY and Forex
Correlation & Price change
A.I.dvisor tells us that CNYJPY and JPYCNY have been negatively correlated (-99% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that CNYJPY and JPYCNY's prices could move in opposite directions.
| Ticker / NAME | Correlation To CNYJPY | 1D Price Change % | ||
|---|---|---|---|---|
| CNYJPY | 100% | N/A | ||
| JPYCNY - CNYJPY | -99% Negatively correlated | N/A |