NZDCAD price forecast, quote, news & analysis

NZDCAD in upward trend: price may jump up because it broke its lower Bollinger Band on December 30, 2024

NZDCAD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 53 cases where NZDCAD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for NZDCAD just turned positive on December 27, 2024. Looking at past instances where NZDCAD's MACD turned positive, the stock continued to rise in of 106 cases over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Momentum Indicator moved below the 0 level on December 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NZDCAD as a result. In of 122 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 Aroon Indicator for NZDCAD entered a downward trend on December 27, 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.