Hydrogenics Corp. (HYGS) Stock Technical Analysis
NASDAQ:HYGS - Nasdaq -
We assign a technical rating of 10 out of 10 to HYGS. Both in the recent history as in the last year, HYGS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, HYGS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 14.99, a Stop Loss order could be placed below this zone.
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11.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.92 to 14.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @15.01 from a horizontal line in the weekly 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 HYGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYGS is up. |
| ChartMill Relative Strength | 99.2 | POSITIVE | HYGS has a high relative strength, it outperformed 99.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HYGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.43 | NEUTRAL | The RSI value for HYGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HYGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.44 | OVERBOUGHT | The high Stochastics value suggests HYGS may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for HYGS suggests low volalility. |
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 |
|---|---|---|---|
| 15.02 | 14.95 | 0.07 (0.47%) | 25.00% |
| An entry @15.02. This is a Buy Stop order right above the resistance zone. | An exit @14.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.47%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:HYGS (9/6/2019, 8:11:44 PM)
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