PRIMARY HYDROGEN CORP (HDRO.CA) Stock Technical Analysis
TSX-V:HDRO - TSX Venture Exchange - CA74167W1032 - Common Stock - Currency: CAD
Taking everything into account, HDRO scores 4 out of 10 in our technical rating. HDRO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
HDRO has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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0.41
When analyzing the support we can see 2 important areas.
- Support @0.44 from a trend line in the daily time frame.
- Support @0.41 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.49 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HDRO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HDRO.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | HDRO.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HDRO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HDRO.CA is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.37 | NEUTRAL | The RSI value for HDRO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HDRO.CA has a negative trend. |
| Stochastics (14,3) | 59.52 | NEUTRAL | The Stochastics value for HDRO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.16 | HIGH VOLATILITY | The high ATR as a percentage value for HDRO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.58 | POSITIVE | The high ADX value value for HDRO.CA suggests a strong trend. |
TSX-V:HDRO (6/6/2025, 7:00:00 PM)
0.445
0 (0%)