HDRO Defiance Next Gen H2 ETF Forecast, Technical & Fundamental Analysis

HDRO saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for HDRO moved out of overbought territory on January 08, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 42 similar instances where the indicator exited the overbought zone. In of the 42 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for HDRO moved out of overbought territory on January 07, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 similar instances where the indicator moved out of overbought territory. In of the 15 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HDRO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HDRO broke above its upper Bollinger Band on January 06, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on HDRO as a result. In of 52 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for HDRO just turned positive on January 06, 2025. Looking at past instances where HDRO's MACD turned positive, the stock continued to rise in of 33 cases over the following month. The odds of a continued upward trend are .

HDRO moved above its 50-day moving average on January 02, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HDRO advanced for three days, in of 193 cases, the price rose further within the following month. The odds of a continued upward trend are .