NZDHKD's RSI Indicator ascending out of oversold territory
The RSI Indicator for NZDHKD moved out of oversold territory on December 25, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 44 similar instances when the indicator left oversold territory. In of the 44 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on NZDHKD as a result. In of 125 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 NZDHKD just turned positive on December 25, 2024. Looking at past instances where NZDHKD's MACD turned positive, the stock continued to rise in of 96 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Aroon Indicator for NZDHKD entered a downward trend on December 29, 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.
NZDHKD and Forex
Correlation & Price change
A.I.dvisor tells us that NZDHKD and HKDNZD have been negatively correlated (-98% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that NZDHKD and HKDNZD's prices could move in opposite directions.
| Ticker / NAME | Correlation To NZDHKD | 1D Price Change % | ||
|---|---|---|---|---|
| NZDHKD | 100% | N/A | ||
| HKDNZD - NZDHKD | -98% Negatively correlated | N/A |