GLOBAL X HYDROGEN ETF (HYDR) Stock Technical Analysis
NASDAQ:HYDR - Nasdaq - US37960A4206 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to HYDR. Although HYDR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: HYDR has an average volume of 11788 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
HYDR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, HYDR turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
HYDR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HYDR is lagging the market.
Besides having an excellent technical rating, HYDR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.02
22.88
We found 2 important support areas.
- A support zone ranging from 21.58 to 22.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.23 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.51 to 22.65. This zone is formed by a combination of multiple trend lines 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 HYDR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYDR is up. |
| ChartMill Relative Strength | 52.3 | NEUTRAL | HYDR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of HYDR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.52 | NEUTRAL | The RSI value for HYDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HYDR has a negative trend. |
| Stochastics (14,3) | 68.94 | NEUTRAL | The Stochastics value for HYDR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for HYDR suggests some volalility. |
| Average Directional Index/ADX (14) | 32.28 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.08 | 21.22 | 0.86 (3.89%) | 25.00% |
| An entry @22.08. This is a Buy Stop order right above the resistance zone. | An exit @21.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 3.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The distance between exit and entry is rather small compared to the average daily movement of HYDR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:HYDR (6/24/2025, 11:10:32 AM)
22.24
+0.65 (+3.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.01%
1 Week-1.77%
2 Weeks4.15%
1 Month19.94%
3 Month24.08%
6 Month-8.86%
12 Month-17.41%
2 Year-53.07%
3 Year-64.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.97
ATR(20)%3.79%
ATR Inc-13.72%
Range Today0.27
ADR(20)0.7
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.3
Mansfield-0.7
10 Day High23
10 Day Low20.97
20 Day High23
20 Day Low17.75
52 Week High30.42
52 Week Low14.94
CS1 End21.23
CR1 Start21.9
Volume & EV
DER(3)-1.09%
DER(5)-1.34%
Volume6.16K
Volume Incr104.69%
Vol(5)24.88K
Vol(50)11.79K