JPYGBP's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for JPYGBP moved out of overbought territory on December 04, 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 26 instances where the indicator moved out of the overbought zone. In of the 26 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 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JPYGBP as a result. In of 125 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 JPYGBP turned negative on December 05, 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 93 similar instances when the indicator turned negative. In of the 93 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for JPYGBP entered a downward trend on December 20, 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.
Bullish Trend Analysis
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.
JPYGBP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
JPYGBP and Forex
Correlation & Price change
A.I.dvisor tells us that JPYGBP and GBPJPY have been poorly correlated (+-3% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that JPYGBP and GBPJPY's prices will move in lockstep.
| Ticker / NAME | Correlation To JPYGBP | 1D Price Change % | ||
|---|---|---|---|---|
| JPYGBP | 100% | N/A | ||
| GBPJPY - JPYGBP | -3% Poorly correlated | N/A |