Momentum Indicator for HKDNZD turns positive, indicating new upward trend
HKDNZD saw its Momentum Indicator move above the 0 level on January 20, 2025. 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 127 similar instances where the indicator turned positive. In of the 127 cases, the stock moved higher in the following days. The odds of a move higher are 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 87 cases where HKDNZD'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 .
Bearish Trend Analysis
The 10-day RSI Indicator for HKDNZD moved out of overbought territory on January 05, 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for HKDNZD 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 97 similar instances when the indicator turned negative. In of the 97 cases the stock turned lower in the days that followed. This puts the odds of success at .
HKDNZD broke above its upper Bollinger Band on January 04, 2025. 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.
HKDNZD and Forex
Correlation & Price change
A.I.dvisor tells us that HKDNZD and NZDHKD have been negatively correlated (-98% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that HKDNZD and NZDHKD's prices could move in opposite directions.
| Ticker / NAME | Correlation To HKDNZD | 1D Price Change % | ||
|---|---|---|---|---|
| HKDNZD | 100% | N/A | ||
| NZDHKD - HKDNZD | -98% Negatively correlated | N/A |