JPYAUD's RSI Indicator peaks and leaves overbought zone
The 10-day RSI Oscillator for JPYAUD moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 instances where the indicator moved out of the overbought zone. In of the 28 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JPYAUD as a result. In of 131 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 JPYAUD turned negative on December 09, 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 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JPYAUD 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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.
JPYAUD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 182 cases where JPYAUD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
JPYAUD and Forex
Correlation & Price change
A.I.dvisor tells us that JPYAUD and AUDJPY have been negatively correlated (-99% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that JPYAUD and AUDJPY's prices could move in opposite directions.
| Ticker / NAME | Correlation To JPYAUD | 1D Price Change % | ||
|---|---|---|---|---|
| JPYAUD | 100% | N/A | ||
| AUDJPY - JPYAUD | -99% Negatively correlated | N/A |