FXY Stock Invesco CurrencyShares® Japanese Yen (FXY, $60.79) RSI Indicator left the oversold zone on October 31, 2024

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FXY - Invesco CurrencyShares® Japanese Yen

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Odds of UP Trend

Price: $60.79

Daily change: +$0.54 (+0.9%)

Daily volume: 236.4K

Net Assets: $356.8M

FXY's RSI Oscillator ascends from oversold territory

The RSI Oscillator for FXY moved out of oversold territory on October 31, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 37 similar instances when the indicator left oversold territory. In of the 37 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 68 cases where FXY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FXY just turned positive on November 18, 2024. Looking at past instances where FXY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FXY advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .

FXY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FXY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FXY entered a downward trend on November 21, 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.