All ExchangesHallador Energy Company Stock Forecast
Red day on Wednesday for Hallador Energy Company
(Updated on Sep 20, 2023)
The Hallador Energy Company stock price fell by -1.37% on the last day (Wednesday, 20th Sep 2023) from $12.39 to $12.22. During the last trading day the stock fluctuated 3.98% from a day low at $12.20 to a day high of $12.69. The price has risen in 7 of the last 10 days and is up by 15.61% over the past 2 weeks. 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 -88 thousand shares and in total, 143 thousand shares were bought and sold for approximately $1.74 million.
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The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $12.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 45.88% during the next 3 months and, with a 90% probability hold a price between $16.09 and $18.16 at the end of this 3-month period.
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 $11.99 and $10.96. A breakdown below any of these levels will issue sell signals. 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 Tuesday, September 19, 2023, and so far it has fallen -1.37%. 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 Hallador Energy Company stock
Hallador Energy Company finds support from accumulated volume at $12.07 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 $0.485 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: $11.68 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HNRG) For The Upcoming Trading Day Of Thursday 21st
For the upcoming trading day on Thursday, 21st we expect Hallador Energy Company to open at $12.37, and during the day (based on 14 day Average True Range), to move between $11.66 and $12.78, which gives a possible trading interval of +/-$0.558 (+/-4.56%) up or down from last closing price. If Hallador Energy Company takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.07 (1.23%) than the resistance at $12.39 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hallador Energy Company 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 Hallador Energy Company stock to perform well in the short-term.
Current score: 2.825 Open Broker Account
Buy Candidate UnchangedPredicted Opening Price for Hallador Energy Company of Thursday, September 21, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 21, 2023 | Current price |
|---|---|
| $12.37 | $12.22 (Undervalued) |
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Trading levels for HNRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.85 | 5.18 % | |
| R2 | 12.67 | 3.67 % | ||
| R1 | 12.55 | 2.73 % | ||
| Current price: | 12.22 | |||
| Support | S1 | 12.18 | -0.302 % | |
| S2 | 12.07 | -1.24 % | ||
| S3 | 11.88 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 12.39 | 1.39 % | ||
| Current price | 12.22 | |||
| Support | S1 | 12.07 | -1.23% | |
| S2 | 12.06 | -1.31% | ||
| S3 | 10.74 | -12.11% |
FAQ
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About Hallador Energy Company
Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana. Hallador Energy Company was founded in 1949 and is headquartered in Terre Hau... HNRG Profile
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