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
HYDR's RSI Indicator remains in overbought zone for 5 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
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 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 .
HYDR broke above its upper Bollinger Band on June 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 June 03, 2025. You may want to consider a long position or call options on HYDR as a result. In of 60 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
HYDR moved above its 50-day moving average on May 12, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for HYDR crossed bullishly above the 50-day moving average on May 16, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 HYDR advanced for three days, in of 193 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 91 cases where HYDR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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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 ICLN. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if HYDR jumps, then ICLN could also see price increases.
| Ticker / NAME | Correlation To HYDR | 1D Price Change % | ||
|---|---|---|---|---|
| HYDR | 100% | -1.70% | ||
| ICLN - HYDR | 80% Closely correlated | +0.38% | ||
| TAN - HYDR | 76% Closely correlated | +2.16% | ||
| GRID - HYDR | 66% Closely correlated | -1.02% | ||
| XT - HYDR | 66% Closely correlated | -1.63% | ||
| BOTZ - HYDR | 54% Loosely correlated | -1.59% | ||
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