GLOBAL X HYDROGEN ETF (HYDR) Stock Technical Analysis
NASDAQ:HYDR - Nasdaq - US37960A4206 - ETF - Currency: USD
Overall HYDR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, HYDR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: HYDR has an average volume of 17338 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
HYDR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HYDR is lagging the market slightly.
In the last month HYDR has a been trading in the 21.66 - 26.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, HYDR did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HYDR has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
22.91
26.23
2 important support areas can be observed.
- A support zone ranging from 23.98 to 24.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.97 to 25.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 HYDR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYDR is up. |
| ChartMill Relative Strength | 82.55 | POSITIVE | HYDR has a high relative strength, it outperformed 82.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HYDR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYDR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.18 | OVERBOUGHT | The high RSI value suggests HYDR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HYDR has a positive trend. |
| Stochastics (14,3) | 83.12 | OVERBOUGHT | The high Stochastics value suggests HYDR may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for HYDR suggests some volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for HYDR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.96
+0.51 (+1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.99%
1 Week7.18%
2 Weeks6.39%
1 Month16.41%
3 Month53.61%
6 Month13.36%
12 Month-4.07%
2 Year-50.32%
3 Year-64.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%3.28%
ATR Inc31.78%
Range Today0.77
ADR(20)0.75
ADR(20)%2.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.55
Mansfield0.78
10 Day High26
10 Day Low22.88
20 Day High26
20 Day Low21.66
52 Week High27.11
52 Week Low14.94
CS1 End24.32
CR1 Start25.97
Volume & EV
DER(3)-0.07%
DER(5)-1.47%
Volume13.40K
Volume Incr18.89%
Vol(5)26.28K
Vol(50)17.34K