Hydrogenics Corporation ($HYGS) Heads Up Against Loop Industries, Inc. ($LOOP)

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Chemicals industry are trading: Hydrogenics Corporation and Loop Industries, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Hydrogenics Corporation opened at 14.95, got to a maximum price of 14.97 and dropped to as low as 14.95 before finishing the session at 14.97. In total there were 159700 shares traded, which is enough to conduct our analysis. Compare that now to Loop Industries, Inc., which opened at 13.4, had a high of 13.73, a low of 13.27, closed at 13.73 and had a total volume of 55200.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Hydrogenics Corporation Loop Industries, Inc.
Accumulation-distribution index 29.94 37.80758
on-balance volume -14.96 -13.26
chaikin money flow

1.0 1.78788
force index

0.0001 0.2555
ease of movement rating

-1e-05 0.00962
volume-price trend

4.62026 6.2188
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Hydrogenics Corporation Loop Industries, Inc.
Average true range 0.12643 0.30851
Bolinger bands 14.95 13.5077
Upper bollinger band 14.95 12.7723
Lower bollinger band

14.95 13.27
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

14.95667 13.46667
High band keltner channel

14.93667 13.13667
Low band keltner channel

14.97667 13.79667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

14.95 13.27
Donchain channel low band

14.95 13.27
Donchain channel high band indicator

nan 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Hydrogenics Corporation Loop Industries, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00583
MACD signal -0.00013 -0.00324
MACD difference -0.00018 -0.00259
fast Exponential Moving Average (EMA) indicator

14.95 13.27
slow Exponential Moving Average (EMA) indicator

14.95 13.27
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.01118 0.05629

16.53064 28.50623
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

-3.53931 -4.12945
KST Oscillator (KST)

310.1747 451.77307
KST Oscillator (KST Signal)

310.1747 451.77307
KST difference

-0.19475 -7.11117
Ichimoku rating

14.96 13.565
Ichimoku B rating

14.96 13.565
Ichimoku visual trend A

12.15518 10.10414
Ichimoku visual trend B

13.06135 11.07357
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-8.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Hydrogenics Corporation Loop Industries, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

100.0 96.94796
stochastic oscillator

100.0 139.39394
stochastic oscillator signal

100.0 139.39394
Williams %R rating

50.0 39.39394
awesome oscillator

-0.00135 -0.06924

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Hydrogenics Corporation and Loop Industries, Inc..

Daily return 31.01747 45.17731
Daily log return -0.06691 -1.97876
Cumulative return -0.06689 -1.95931

So there you have it: our deep, grueling analysis comparing Hydrogenics Corporation and Loop Industries, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Hydrogenics Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether HYGS is strong or weak. Again – this is not a reliable indication of whether Hydrogenics Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Loop Industries, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

Gary Ivenchuck

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