GBPEUR sees its Stochastic Oscillator recovers from oversold territory
On January 03, 2025, the Stochastic Oscillator for GBPEUR moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 83 instances where the indicator left the oversold zone. In of the 83 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on GBPEUR as a result. In of 154 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 GBPEUR just turned positive on January 07, 2025. Looking at past instances where GBPEUR's MACD turned positive, the stock continued to rise in of 115 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
GBPEUR and Forex
Correlation & Price change
A.I.dvisor tells us that GBPEUR and EURGBP have been poorly correlated (+-13% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that GBPEUR and EURGBP's prices will move in lockstep.
| Ticker / NAME | Correlation To GBPEUR | 1D Price Change % | ||
|---|---|---|---|---|
| GBPEUR | 100% | N/A | ||
| EURGBP - GBPEUR | -13% Poorly correlated | N/A |