Hydrogenics Corporation (HYG.CA) Stock Technical Analysis
TSX:HYG - Toronto Stock Exchange -
Overall HYG gets a technical rating of 8 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that HYG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, HYG also shows a nice and consistent pattern of rising prices.
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.
Although HYG has an excellent technical rating, it 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.
More info and screens
14.98
20.51
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.
2 important resistance areas can be observed.
- 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.
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. |
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)
TSX:HYG (9/11/2019, 9:01:18 PM)
19.59
+0.06 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week-1.21%
2 Weeks-1.61%
1 Month-0.91%
3 Month29.48%
6 Month82.06%
12 Month152.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.49%
ATR Inc43.31%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.15
Mansfield5.32
10 Day High20.06
10 Day Low19.45
20 Day High20.06
20 Day Low19.45
52 Week High21.56
52 Week Low5.2
CS1 End19.58
CR1 Start19.68
Volume & EV
DER(3)0%
DER(5)0.68%
Volume2.49K
Volume Incr-77.2%
Vol(5)2.59K
Vol(50)9.09K