Hydrogenics Corporation (HYG.CA) Technical Analysis
TSX:HYG
Current stock price
HYG.CA Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to HYG. In the last year, HYG was one of the better performers, but we do observe some doubts in the very recent evolution.
- Warning: HYG has an average volume of 9092 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, HYG did better than 97% of all other stocks. We also observe that the gains produced by HYG over the past year are nicely spread over this period.
- HYG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HYG is performing more or less in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month HYG has a been trading in a tight range between 19.45 and 20.06.
- Considerably lower volume is observed in the last couple of days.
HYG.CA Weekly and Daily overview Charts
HYG.CA Setup Rating and Analysis
Although HYG has an excellent technical rating, it does not present a decent entry opportunity 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
HYG.CA Support and Resistance Analysis
14.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.53 to 19.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.68 to 19.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.31 from a horizontal line in the daily time frame.
HYG.CA Technical Indicator Signal Analysis
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 HYG.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HYG.CA is down. |
| ChartMill Relative Strength | 97.15 | POSITIVE | HYG.CA has a high relative strength, it outperformed 97.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HYG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HYG.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.96 | NEUTRAL | The RSI value for HYG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HYG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.65 | OVERSOLD | The low Stochastics value suggests HYG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for HYG.CA suggests low volalility. |
HYG.CA Chart- and CandleStick Pattern Analysis
HYG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:HYG (9/11/2019, 9:01:18 PM)
19.59
+0.06 (+0.31%)
Hydrogenics Corporation / HYG.CA TA FAQ
What is the technical rating for HYG stock?
ChartMill assigns a technical rating of 7 / 10 to HYG.CA.
What is the trend direction for HYG stock?
The current trend direction for Hydrogenics Corporation (HYG.CA) is Bullish.
Can you provide the RSI signal for Hydrogenics Corporation?
Hydrogenics Corporation (HYG.CA) has an RSI value of 44.9566. This indicates that the stock is currently neutral.
What is the MACD signal for HYG stock?
The MACD indicator for Hydrogenics Corporation (HYG.CA) has a value of -0.0866339, indicating a bearish trend.
Can you provide the short term momentum for Hydrogenics Corporation?
The short term momentum for Hydrogenics Corporation (HYG.CA) is negative.