(HYDR) Global X Hydrogen - Ratings and Ratios

The Global X Hydrogen ETF (NASDAQ:HYDR) is a non-diversified fund that invests at least 80% of its total assets in securities from its underlying index, which includes American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The fund is designed to track an index that focuses on companies poised to benefit from advancements in hydrogen technology, encompassing various aspects of the hydrogen value chain, including production, storage, transportation, and utilization. This ETF provides exposure to firms involved in hydrogen infrastructure, fuel cells, and related technologies, making it a targeted investment vehicle for those interested in the hydrogen economys growth potential.

Based on the provided data, the ETFs short-term technical outlook appears bearish, as the last price of $20.13 is below the SMA20 of $20.81, indicating recent downward momentum. Over the next three months, the fund is likely to experience continued consolidation, potentially testing support levels around $19.50. The SMA50 at $22.19 and SMA200 at $24.57 suggest that a recovery to these levels may face resistance. The ATR of 0.82 indicates moderate volatility, which could amplify price swings in either direction. Fundamentally, with an AUM of $31.59M, the ETFs liquidity is relatively limited, which may result in higher volatility compared to larger funds. Overall, the ETFs performance in the next quarter is expected to remain subdued, with potential downside risks outweighing upside opportunities in the near term.