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HJEN
ETF ticker: NYSE ARCA
AS OF
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Net Assets
28.7M

HJEN Direxion Hydrogen ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for HJEN with price predictions
07:00 PM EST Nov 30, 2023

HJEN's RSI Indicator ascending out of oversold territory

The RSI Indicator for HJEN moved out of oversold territory on October 30, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 20, 2023. You may want to consider a long position or call options on HJEN as a result. In of 37 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 HJEN just turned positive on November 01, 2023. Looking at past instances where HJEN's MACD turned positive, the stock continued to rise in of 22 cases over the following month. The odds of a continued upward trend are .

HJEN moved above its 50-day moving average on November 28, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for HJEN crossed bullishly above the 50-day moving average on November 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HJEN advanced for three days, in of 132 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

HJEN broke above its upper Bollinger Band on November 03, 2023. 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.

The Aroon Indicator for HJEN entered a downward trend on November 03, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are BP plc (NYSE:BP), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), FuelCell Energy (NASDAQ:FCEL).

Industry description

The investment seeks investment results, before fees and expenses, that track the Indxx Hydrogen Economy Index. The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. The index track the performance of companies that provide goods and/or services related to the Hydrogen Industry, including hydrogen generation and storage, fuel cells, hydrogen stations, and hydrogen-based vehicles. It is non-diversified.

Market Cap

The average market capitalization across the Direxion Hydrogen ETF ETF is 41.79B. The market cap for tickers in the group ranges from 500.2M to 212.85B. SHEL holds the highest valuation in this group at 212.85B. The lowest valued company is FCEL at 500.2M.

High and low price notable news

The average weekly price growth across all stocks in the Direxion Hydrogen ETF ETF was 4%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was -7%. PLUG experienced the highest price growth at 31%, while SHEL experienced the biggest fall at -1%.

Volume

The average weekly volume growth across all stocks in the Direxion Hydrogen ETF ETF was 159%. For the same stocks of the ETF, the average monthly volume growth was 59% and the average quarterly volume growth was -5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 74
Price Growth Rating: 52
SMR Rating: 78
Profit Risk Rating: 75
Seasonality Score: 46 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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HJEN and

Correlation & Price change

A.I.dvisor indicates that over the last year, HJEN has been loosely correlated with GNR. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if HJEN jumps, then GNR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HJEN
1D Price
Change %
HJEN100%
+1.91%
GNR - HJEN
59%
Loosely correlated
+1.56%
VAW - HJEN
58%
Loosely correlated
+1.50%
GUNR - HJEN
57%
Loosely correlated
+1.55%
XLB - HJEN
56%
Loosely correlated
+1.14%
LIT - HJEN
42%
Loosely correlated
+1.32%
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