HKDJPY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for HKDJPY turned positive on December 07, 2024. Looking at past instances where HKDJPY's MACD turned positive, the stock continued to rise in of 99 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 07, 2024. You may want to consider a long position or call options on HKDJPY as a result. In of 119 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 379 cases where HKDJPY 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
HKDJPY broke above its upper Bollinger Band on December 09, 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.
HKDJPY and Forex
Correlation & Price change
A.I.dvisor tells us that HKDJPY and JPYHKD have been negatively correlated (-99% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that HKDJPY and JPYHKD's prices could move in opposite directions.
| Ticker / NAME | Correlation To HKDJPY | 1D Price Change % | ||
|---|---|---|---|---|
| HKDJPY | 100% | N/A | ||
| JPYHKD - HKDJPY | -99% Negatively correlated | N/A |