Technical Analysis for HGAS - Global Gas Corporation

Grade Last Price % Change Price Change
F 1.41 -8.44% -0.13
HGAS closed down 8.44 percent on Friday, May 17, 2024, on 23 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
New Uptrend Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Weak + Overbought Other 0.00%
Wide Bands Range Expansion 0.00%
Weak, Overbought and Reversal Signs Reversal 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown 3 days ago
Down 5% 3 days ago
Down 3% 3 days ago
Fell Below 50 DMA 3 days ago
50 DMA Support 3 days ago

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Profile

Headquartered in New York and founded in 2023, Global Hydrogen seeks to be a leader in the sustainable energy transition as a next-generation industrial gas supplier. Global Hydrogen is a 100% minority-owned business that targets both privately and publicly-funded hydrogen development and carbon recovery projects, including projects supported by local, county, state, and national-level governments. Global Hydrogen primarily targets renewable waste as feedstock to generate the industrial gases it sells, and seeks arrangements with owners of wastewater treatment plants, food waste processing facilities, agricultural farms, and landfills as well as producers and distributors of renewable natural gas.
Classification

Sector: Basic Materials
Industry: Specialty Chemicals
Keywords: Natural Gas Hydrogen Energy Development Sustainable Technologies Sustainable Energy Wastewater Treatment Hydrogen Economy Hydrogen Technologies Industrial Gas Emissions Reduction Renewable Natural Gas

Is HGAS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.66
52 Week Low 1.0501
Average Volume 114,763
200-Day Moving Average 5.63
50-Day Moving Average 1.52
20-Day Moving Average 1.27
10-Day Moving Average 1.28
Average True Range 0.22
RSI (14) 50.98
ADX 25.77
+DI 29.11
-DI 13.02
Chandelier Exit (Long, 3 ATRs) 1.08
Chandelier Exit (Short, 3 ATRs) 1.70
Upper Bollinger Bands 1.53
Lower Bollinger Band 1.00
Percent B (%b) 0.77
BandWidth 41.85
MACD Line -0.05
MACD Signal Line -0.11
MACD Histogram 0.0572
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.73
Resistance 3 (R3) 1.75 1.68 1.67
Resistance 2 (R2) 1.68 1.60 1.66 1.65
Resistance 1 (R1) 1.54 1.55 1.51 1.52 1.64
Pivot Point 1.47 1.47 1.45 1.45 1.47
Support 1 (S1) 1.33 1.39 1.30 1.31 1.18
Support 2 (S2) 1.26 1.34 1.24 1.17
Support 3 (S3) 1.12 1.26 1.15
Support 4 (S4) 1.10