HYDR Global X Hydrogen ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Hydrogen Index... Show more
Momentum Indicator for HYDR turns positive, indicating new upward trend
HYDR saw its Momentum Indicator move above the 0 level on April 21, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 57 similar instances where the indicator turned positive. In of the 57 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HYDR's RSI Oscillator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HYDR just turned positive on April 14, 2025. Looking at past instances where HYDR's MACD turned positive, the stock continued to rise in of 30 cases 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 HYDR advanced for three days, in of 188 cases, the price rose further within the following month. The odds of a continued upward trend are .
HYDR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HYDR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for HYDR entered a downward trend on April 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category MiscellaneousSector
HYDR and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HYDR has been closely correlated with QCLN. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if HYDR jumps, then QCLN could also see price increases.
| Ticker / NAME | Correlation To HYDR | 1D Price Change % | ||
|---|---|---|---|---|
| HYDR | 100% | +1.45% | ||
| QCLN - HYDR | 77% Closely correlated | +4.29% | ||
| GRID - HYDR | 66% Closely correlated | +2.62% | ||
| JETS - HYDR | 59% Loosely correlated | +1.82% | ||
| NLR - HYDR | 50% Loosely correlated | +3.42% | ||
| XT - HYDR | 19% Poorly correlated | +2.64% | ||
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