Momentum Indicator for HKDEUR turns positive, indicating new upward trend
HKDEUR saw its Momentum Indicator move above the 0 level on December 11, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 139 similar instances where the indicator turned positive. In of the 139 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Bearish Trend Analysis
The 10-day RSI Indicator for HKDEUR moved out of overbought territory on November 24, 2024. 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 80 cases where HKDEUR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for HKDEUR turned negative on December 15, 2024. 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 108 similar instances when the indicator turned negative. In of the 108 cases the stock turned lower in the days that followed. This puts the odds of success at .
HKDEUR broke above its upper Bollinger Band on November 21, 2024. 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.
The Aroon Indicator for HKDEUR entered a downward trend on December 11, 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.
HKDEUR and Forex
Correlation & Price change
A.I.dvisor tells us that HKDEUR and EURHKD have been negatively correlated (-98% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that HKDEUR and EURHKD's prices could move in opposite directions.
| Ticker / NAME | Correlation To HKDEUR | 1D Price Change % | ||
|---|---|---|---|---|
| HKDEUR | 100% | N/A | ||
| EURHKD - HKDEUR | -98% Negatively correlated | N/A |