Hallador Energy Company Stock Forecast
High volatility in Hallador Energy Company stock price on Tuesday which ended trading at $5.47
(Updated on May 07, 2024)
The Hallador Energy Company stock price gained 7.25% on the last trading day (Tuesday, 7th May 2024), rising from $5.10 to $5.47. During the last trading day the stock fluctuated 17.73% from a day low at $5.09 to a day high of $5.99. The price has risen in 6 of the last 10 days and is up by 13.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 440 thousand more shares were traded than the day before. In total, 760 thousand shares were bought and sold for approximately $4.16 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.40% during the next 3 months and, with a 90% probability hold a price between $2.29 and $3.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HNRG Signals & Forecast
The Hallador Energy Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.18 and $4.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 21.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hallador Energy Company stock
Hallador Energy Company finds support from accumulated volume at $5.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.90 between high and low, or 17.73%. For the last week, the stock has had daily average volatility of 7.73%.
Our recommended stop-loss: $5.28 (-3.42%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (HNRG) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Hallador Energy Company to open at $5.52, and during the day (based on 14 day Average True Range), to move between $5.12 and $5.82, which gives a possible trading interval of +/-$0.354 (+/-6.48%) up or down from last closing price. If Hallador Energy Company takes out the full calculated possible swing range there will be an estimated 12.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.49 (0.37%) than the support at $5.21 (4.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hallador Energy Company stock A Buy?
Hallador Energy Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hallador Energy Company of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $5.52 ( 0.87%) | $5.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HNRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.42 | 17.36 % | |
| R2 | 6.08 | 11.06 % | ||
| R1 | 5.86 | 7.17 % | ||
| Current price: | 5.47 | |||
| Support | S1 | 5.17 | -5.43 % | |
| S2 | 4.96 | -9.33 % | ||
| S3 | 4.62 | -15.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.54 | 19.56 % | |
| R2 | 5.86 | 7.13 % | ||
| R1 | 5.49 | 0.366 % | ||
| Current price | 5.47 | |||
| Support | S1 | 5.21 | -4.75% | |
| S2 | 5.10 | -6.76% | ||
| S3 | 4.91 | -10.24% |
HNRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 16, 2020 | Jan 30, 2020 | Feb 14, 2020 | $0.0400 | 3.33% |
| 2 | Oct 15, 2019 | Oct 30, 2019 | Nov 15, 2019 | $0.0400 | 1.42% |
| 3 | Jul 16, 2019 | Jul 30, 2019 | Aug 16, 2019 | $0.0400 | 0.89% |
| 4 | Apr 15, 2019 | Apr 29, 2019 | May 17, 2019 | $0.0400 | 0.719% |
| 5 | Jan 18, 2019 | Jan 30, 2019 | Feb 15, 2019 | $0.0400 | 0.721% |
FAQ
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