Momentum Indicator for JPYNZD turns negative, indicating new downward trend
JPYNZD saw its Momentum Indicator move below the 0 level on January 06, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 131 similar instances where the indicator turned negative. In of the 131 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for JPYNZD turned negative on January 06, 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 102 similar instances when the indicator turned negative. In of the 102 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
JPYNZD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
JPYNZD and Forex
Correlation & Price change
A.I.dvisor tells us that JPYNZD and NZDJPY have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that JPYNZD and NZDJPY's prices could move in opposite directions.
| Ticker / NAME | Correlation To JPYNZD | 1D Price Change % | ||
|---|---|---|---|---|
| JPYNZD | 100% | N/A | ||
| NZDJPY - JPYNZD | -100% Negatively correlated | N/A |