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Global X Hydrogen Ucits Etf ETF Forecast

4.98€
+0.0015 (+0.0301%)
At Close: Jun 28, 2024
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HYGN.MI
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Global X Hydrogen Ucits Etf ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

Sell candidate since Jun 28, 2024 PDF

The Global X Hydrogen Ucits Etf ETF price gained 0.0301% on the last trading day (Friday, 28th Jun 2024), rising from 4.98€ to 4.98€. During the last trading day the ETF fluctuated 0% from a day low at 4.98€ to a day high of 4.98€. The price has fallen in 9 of the last 10 days and is down by -12.71% for this period. Volume fell on the last day by -485 shares and in total, 80 shares were bought and sold for approximately 398.40€ . 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 has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 4.99€. A reaction back to this level may hold a second chance to get out before further falls.

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HYGN.MI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.0301%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global X Hydrogen Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 5.12€ and 5.61€. A break-up above any of these levels will issue buy signals. 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.

Support, Risk & Stop-loss for Global X Hydrogen Ucits Etf ETF

Global X Hydrogen Ucits Etf finds support from accumulated volume at 4.81€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move much during the day (volatility) and with periodic low trading volume this ETF is considered to be "high risk". During the last day, the ETF moved 0€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.399%.

Global X Hydrogen Ucits Etf is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (HYGN.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Global X Hydrogen Ucits Etf to open at 4.98€, and during the day (based on 14 day Average True Range), to move between 4.86€ and 5.10€, which gives a possible trading interval of +/-0.120€ (+/-2.42%) up or down from last closing price. If Global X Hydrogen Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 4.81€ (3.41%) than the resistance at 6.06€ (21.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Global X Hydrogen Ucits Etf ETF A Buy?

The Global X Hydrogen Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Global X Hydrogen Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.880 Sell Candidate Downgraded

Predicted Opening Price for Global X Hydrogen Ucits Etf of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
4.98€ ( 0%) 4.98€

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

Trading levels for HYGN.MI

Fibonacci Support & Resistance Levels

Level Price
R3 4.98 -
R2 4.98 -
R1 4.98 -
Price 4.98
S1 4.98 -
S2 4.98 -
S3 4.98 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 6.12 22.79%
R2 6.11 22.69%
R1 6.06 21.71%
Price 4.98
S1 4.81 -3.41%
S2 4.70 -5.62%
S3 4.61 -7.43%

FAQ

What is the symbol for Global X Hydrogen Ucits Etf ETF and on which exchange is it traded?
The symbol for Global X Hydrogen Ucits Etf is HYGN.MI and it is traded on the MIL (Milan Stock Exchange).

Should I buy or sell Global X Hydrogen Ucits Etf ETF?
The Global X Hydrogen Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Global X Hydrogen Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Global X Hydrogen Ucits Etf ETF?
Global X Hydrogen Ucits 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 Global X Hydrogen Ucits Etf ETF.

What's the current price of Global X Hydrogen Ucits Etf ETF?
As of the end of day on the Jun 28, 2024, the price of an Global X Hydrogen Ucits Etf (HYGN.MI) share was 4.98€.

What is the 52-week high and low for Global X Hydrogen Ucits Etf ETF?
The 52-week high for Global X Hydrogen Ucits Etf ETF is 9.95€ and the 52-week low is 4.52€.

What is the market capitalization of Global X Hydrogen Ucits Etf ETF?
As of the Jun 28, 2024, the market capitalization of Global X Hydrogen Ucits Etf is 6.528M.
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