Hydrogenics Corp. (HYGS) Technical Analysis
NASDAQ:HYGS
Current stock price
HYGS Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to HYGS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HYGS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, HYGS did better than 99% of all other stocks. We also observe that the gains produced by HYGS over the past year are nicely spread over this period.
- HYGS 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 HYGS is performing more or less in line with the market.
- In the last month HYGS has a been trading in a tight range between 14.93 and 15.00.
- Considerably lower volume is observed in the last couple of days.
HYGS Weekly and Daily overview Charts
HYGS Setup Rating and Analysis
HYGS has an excellent technical rating and 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.
More info and screens
HYGS Support and Resistance Analysis
11.10
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @15.01 from a horizontal line in the weekly time frame.
HYGS 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 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. |
HYGS Chart- and CandleStick Pattern Analysis
HYGS Example Setup
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- 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.
HYGS Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:HYGS (9/6/2019, 8:11:44 PM)
15
0 (0%)
Hydrogenics Corp. / HYGS TA FAQ
Can you provide the ChartMill technical rating for Hydrogenics Corp.?
ChartMill assigns a technical rating of 10 / 10 to HYGS.
What is the trend direction for HYGS stock?
The current trend direction for Hydrogenics Corp. (HYGS) is Bullish.
Can you provide the RSI signal for Hydrogenics Corp.?
Hydrogenics Corp. (HYGS) has an RSI value of 69.431. This indicates that the stock is currently neutral.
What is the buy/sell signal for HYGS stock?
The buy/sell signal for Hydrogenics Corp. (HYGS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Hydrogenics Corp. (HYGS) stock?
Hydrogenics Corp. (HYGS) has a support level at 14.99 and a resistance level at 15.01. Check the full technical report for our detailed analysis of HYGS support and resistance levels.