Hugoton Royalty Trust Stock Forecast
Evaluation of Hugoton Royalty Trust stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Hugoton Royalty Trust stock price fell by -1.78% on the last day (Thursday, 25th Apr 2024) from £478.50 to £470.00. During the last trading day the stock fluctuated 3.74% from a day low at £468.50 to a day high of £486.00. The price has fallen in 7 of the last 10 days and is down by -4.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -219 thousand shares and in total, 710 thousand shares were bought and sold for approximately £333.70 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £464.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.94% during the next 3 months and, with a 90% probability hold a price between £538.68 and £582.77 at the end of this 3-month period.
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HGT.L Signals & Forecast
There are few to no technical positive signals at the moment. The Hugoton Royalty Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £474.14 and £470.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hugoton Royalty Trust stock
Hugoton Royalty Trust finds support from accumulated volume at £456.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £17.50 between high and low, or 3.74%. For the last week the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HGT.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hugoton Royalty Trust to open at £474.83, and during the day (based on 14 day Average True Range), to move between £456.99 and £483.01, which gives a possible trading interval of +/-£13.01 (+/-2.77%) up or down from last closing price. If Hugoton Royalty Trust takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £478.50 (1.81%) than the support at £456.00 (2.98%), 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 Hugoton Royalty Trust stock A Buy?
The Hugoton Royalty Trust stock holds several negative signals and despite the positive trend, we believe Hugoton Royalty Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.073 Sell Candidate Downgraded
Predicted Opening Price for Hugoton Royalty Trust of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £474.83 ( 1.03%) | £470.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HGT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 492.33 | 4.75 % | |
| R2 | 485.65 | 3.33 % | ||
| R1 | 481.52 | 2.45 % | ||
| Current price: | 470.00 | |||
| Support | S1 | 468.15 | -0.394 % | |
| S2 | 464.02 | -1.27 % | ||
| S3 | 457.33 | -2.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 486.00 | 3.40 % | |
| R2 | 479.00 | 1.91 % | ||
| R1 | 478.50 | 1.81 % | ||
| Current price | 470.00 | |||
| Support | S1 | 456.00 | -2.98% | |
| S2 | 448.00 | -4.68% | ||
| S3 | 414.00 | -11.91% |
HGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 21, 2024 | £4.50 | 0.96% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | £0.0200 | 0.0052% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | £4.50 | 1.34% |
| 4 | Sep 12, 2022 | Sep 22, 2022 | Oct 24, 2022 | £2.50 | 0.700% |
| 5 | Mar 07, 2022 | Mar 17, 2022 | May 13, 2022 | £5.00 | 1.28% |
FAQ
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