HKDAUD in upward trend: price expected to rise as it breaks its lower Bollinger Band on January 06, 2025
HKDAUD 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 50 cases where HKDAUD'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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 87 cases where HKDAUD'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 Aroon Indicator entered an Uptrend today. In of 260 cases where HKDAUD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for HKDAUD moved out of overbought territory on January 13, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on January 15, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on HKDAUD as a result. In of 133 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 HKDAUD turned negative on January 13, 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 101 similar instances when the indicator turned negative. In of the 101 cases the stock turned lower in the days that followed. This puts the odds of success at .
HKDAUD and Forex
Correlation & Price change
A.I.dvisor tells us that HKDAUD and AUDHKD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that HKDAUD and AUDHKD's prices could move in opposite directions.
| Ticker / NAME | Correlation To HKDAUD | 1D Price Change % | ||
|---|---|---|---|---|
| HKDAUD | 100% | N/A | ||
| AUDHKD - HKDAUD | -100% Negatively correlated | N/A |