Hydrogenpro’s shares took a heavy hit on Tuesday, closing at €0.21 — the lowest since early May and precisely on the stock’s 50-day moving average. The 12.1% slide came without any identifiable company-specific catalyst, leaving chart watchers to focus on whether this level will hold or crack.
The pullback extends a rough stretch for the stock, which has shed around 28% over the past 30 days. Annualized volatility remains extreme at 241%, a reflection of the wild swings that have characterised the name. From its 12-month high of €0.41, the share price has nearly halved, while the 52-week low of €0.12 sits 74% below current levels. A year ago, the stock was trading 38% higher.
Despite the market’s bearish mood, the broader hydrogen industry is buzzing with activity. New supply agreements were signed with Salzgitter and EWE, and multibillion-euro EU subsidy programmes in Italy and Poland are progressing. In Tarragona, a 150-megawatt green hydrogen project has moved forward, with partners signing a deal to supply industry and grids. Technological advances, such as decoupled water electrolysis designed to reduce wear from intermittent renewable power, are also gaining attention.
Should investors sell immediately? Or is it worth buying Hydrogenpro?
Yet investor sentiment towards Hydrogenpro remains cautious. The relative strength index stands at 41.9, neutral but with a downward bias. The stock is trading below its 200-day moving average of €0.23, confirming the longer-term downtrend. For now, the 50-day line at €0.21 serves as a critical floor. A sustained break below that level would bring the year’s low back into view — a scenario the bulls are desperate to avoid.
The disconnect between sector momentum and share price performance has been stark. Even with a year-to-date gain of 15% since January, the recent slide has erased much of those advances. Until the stock can reclaim the 50-day average convincingly, the path of least resistance appears lower. For now, all eyes are on that €0.21 threshold.
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