HKDNZD's Indicator enters downward trend
The Aroon Indicator for HKDNZD entered a downward trend on December 03, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 238 similar instances where the Aroon Indicator formed such a pattern. In of the 238 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HKDNZD as a result. In of 119 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 HKDNZD turned negative on November 14, 2023. 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 86 similar instances when the indicator turned negative. In of the 86 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HKDNZD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
HKDNZD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
HKDNZD and
Correlation & Price change
A.I.dvisor tells us that HKDNZD and NZDHKD have been negatively correlated (-100% 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% | +0.79% | ||
| NZDHKD - HKDNZD | -100% Negatively correlated | -0.84% |