Hydrogenics $HYGS Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Strong | Neutral |
| P1 | 11.57 | 8.65 | 6.74 |
| P2 | 11.98 | 10.64 | 9.36 |
| P3 | 12.32 | 12.80 | 12.11 |
Support and Resistance Plot Chart for HYGS
Long Term Trading Plans for HYGS
June 15, 2019, 9:45 am ET
The Technical Summary and Trading Plans for HYGS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HYGS Report.
HYGS - (Long) Support Plan
The technical summary data tells us to buy HYGS near 9.36 with an upside target of 12.11. This data also tells us to set a stop loss @ 9.1 to protect against excessive loss in case the stock begins to move against the trade. 9.36 is the first level of support below 11.25 , and by rule, any test of support is a buy signal. In this case, support 9.36 is being tested, a buy signal would exist.
HYGS - (Short) Resistance Plan
The technical summary data is suggesting a short of HYGS as it gets near 12.11 with a downside target of 9.36. We should have a stop loss in place at 12.37 though. 12.11 is the first level of resistance above 11.25, and by rule, any test of resistance is a short signal. In this case, if resistance 12.11 is being tested, a short signal would exist.
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