Hugoton Royalty Trust Stock Forecast
Hugoton Royalty Trust stock price ended at £478.50 on Wednesday, after gaining 0.737%.
(Updated on Apr 24, 2024)
The Hugoton Royalty Trust stock price gained 0.737% on the last trading day (Wednesday, 24th Apr 2024), rising from £475.00 to £478.50. During the last trading day the stock fluctuated 1.68% from a day low at £475.00 to a day high of £483.00. The price has fallen in 6 of the last 10 days and is down by -0.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 372 thousand more shares were traded than the day before. In total, 929 thousand shares were bought and sold for approximately £444.65 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.10% during the next 3 months and, with a 90% probability hold a price between £538.56 and £582.37 at the end of this 3-month period.
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HGT.L Signals & Forecast
The Hugoton Royalty Trust 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 £474.43 and £470.46. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.64%. 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).
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 £8.00 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: £456.67 (-4.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (HGT.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Hugoton Royalty Trust to open at £478.83, and during the day (based on 14 day Average True Range), to move between £465.84 and £491.16, which gives a possible trading interval of +/-£12.66 (+/-2.64%) up or down from last closing price. If Hugoton Royalty Trust takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £479.00 (0.10%) than the support at £456.00 (4.70%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hugoton Royalty Trust stock to perform well in the short-term.
Current score: 3.644 Buy Candidate Unchanged
Predicted Opening Price for Hugoton Royalty Trust of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £478.83 ( 0.0697%) | £478.50 |
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 | 486.83 | 1.74 % | |
| R2 | 483.78 | 1.10 % | ||
| R1 | 481.89 | 0.708 % | ||
| Current price: | 478.50 | |||
| Support | S1 | 475.78 | -0.569 % | |
| S2 | 473.89 | -0.96 % | ||
| S3 | 470.83 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 487.00 | 1.78 % | |
| R2 | 486.00 | 1.57 % | ||
| R1 | 479.00 | 0.104 % | ||
| Current price | 478.50 | |||
| Support | S1 | 456.00 | -4.70% | |
| S2 | 448.00 | -6.37% | ||
| S3 | 414.00 | -13.48% |
HGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 21, 2024 | £4.50 | 0.94% |
| 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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