Series Solutions - Defiance Next Gen H2 ETF Forecast

$5.28
+0.110 (+2.13%)
At Close: Mar 27, 2024
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HDRO
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Green day on Wednesday for Series Solutions - Defiance Next Gen H2 ETF after gaining 2.13%
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Gain 2.70% PDF

The Series Solutions - Defiance Next Gen H2 ETF price gained 2.13% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.17 to $5.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 2.51% from a day low at $5.17 to a day high of $5.30. The price has risen in 6 of the last 10 days and is up by 2.13% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 6 thousand shares were bought and sold for approximately $30.97 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -15.68% during the next 3 months and, with a 90% probability hold a price between $4.16 and $4.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HDRO Signals & Forecast

There are mixed signals in the ETF today. The Series Solutions - Defiance Next Gen H2 ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $5.33. On a fall, the ETF will find some support from the short-term average at $5.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 4.97%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Series Solutions - Defiance Next Gen H2 ETF

Series Solutions - Defiance Next Gen H2 finds support from accumulated volume at $5.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.130 between high and low, or 2.51%. For the last week the ETF has had daily average volatility of 1.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HDRO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ETF Series Solutions - Defiance Next Gen H2 ETF to open at $5.25, and during the day (based on 14 day Average True Range), to move between $5.14 and $5.42, which gives a possible trading interval of +/-$0.137 (+/-2.59%) up or down from last closing price. If ETF Series Solutions - Defiance Next Gen H2 ETF takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.23 (0.95%) than the resistance at $5.40 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ETF Series Solutions - Defiance Next Gen H2 ETF ETF A Buy?

Series Solutions - Defiance Next Gen H2 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.290 Sell Candidate Unchanged

Predicted Opening Price for ETF Series Solutions - Defiance Next Gen H2 ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.25 ( 0.568%) $5.28

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HDRO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.38 1.89 %
R2 5.33 0.95 %
R1 5.30 0.372 %
Current price: 5.28
Support S1 5.20 -1.51 %
S2 5.17 -2.09 %
S3 5.12 -3.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.77 9.28 %
R2 5.48 3.79 %
R1 5.40 2.27 %
Current price 5.28
Support S1 5.23 -0.95%
S2 5.15 -2.46%
S3 5.09 -3.60%

HDRO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 27, 2023 Dec 27, 2023 Dec 27, 2023 $0.0130 0.196%
2 Jun 22, 2021 Jun 23, 2021 Jun 25, 2021 $0.0050 0.0209%

FAQ

What is the symbol for ETF Series Solutions - Defiance Next Gen H2 ETF ETF and on which exchange is it traded?
The symbol for ETF Series Solutions - Defiance Next Gen H2 ETF is HDRO and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell ETF Series Solutions - Defiance Next Gen H2 ETF ETF?
Series Solutions - Defiance Next Gen H2 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

How to buy ETF Series Solutions - Defiance Next Gen H2 ETF ETF?
ETF Series Solutions - Defiance Next Gen H2 ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ETF Series Solutions - Defiance Next Gen H2 ETF ETF.

What's the current price of ETF Series Solutions - Defiance Next Gen H2 ETF ETF?
As of the end of day on the 2024-03-27, the price of an ETF Series Solutions - Defiance Next Gen H2 ETF (HDRO) share was $5.28.

What is the 52-week high and low for ETF Series Solutions - Defiance Next Gen H2 ETF ETF?
The 52-week high for ETF Series Solutions - Defiance Next Gen H2 ETF ETF is $9.88 and the 52-week low is $5.00.

What is the market capitalization of ETF Series Solutions - Defiance Next Gen H2 ETF ETF?
As of the 2024-03-27, the market capitalization of ETF Series Solutions - Defiance Next Gen H2 ETF is 21.503M.
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About ETF Series Solutions - Defiance Next Gen H2 ETF

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Hydrogen & NextGen Fuel Cell Index. The index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. Under normal circumstances, at least 80% of the fund's net assets (plus borrowings for investmen... HDRO Profile

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