JPYHKD in downward trend: price expected to drop as it breaks its higher Bollinger Band on January 15, 2025
JPYHKD broke above its upper Bollinger Band on January 15, 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. The A.I.dvisor looked at 54 similar instances where the stock broke above the upper band. In of the 54 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for JPYHKD moved out of overbought territory on January 18, 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 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 81 cases where JPYHKD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Aroon Indicator for JPYHKD entered a downward trend on January 12, 2025. 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 Momentum Indicator moved above the 0 level on January 13, 2025. You may want to consider a long position or call options on JPYHKD as a result. In of 120 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for JPYHKD just turned positive on December 29, 2024. Looking at past instances where JPYHKD'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 .
JPYHKD and Forex
Correlation & Price change
A.I.dvisor tells us that JPYHKD and HKDJPY have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that JPYHKD and HKDJPY's prices could move in opposite directions.
| Ticker / NAME | Correlation To JPYHKD | 1D Price Change % | ||
|---|---|---|---|---|
| JPYHKD | 100% | N/A | ||
| HKDJPY - JPYHKD | -100% Negatively correlated | N/A |