HighPeak Energy, Inc. Stock Forecast
HighPeak Energy, Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The HighPeak Energy, Inc. stock price gained 2.64% on the last trading day (Tuesday, 2nd Jul 2024), rising from $14.02 to $14.39. During the last trading day the stock fluctuated 2.38% from a day low at $14.07 to a day high of $14.40. The price has risen in 6 of the last 10 days and is up by 5.42% 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, 152 thousand more shares were traded than the day before. In total, 462 thousand shares were bought and sold for approximately $6.65 million.
The stock lies in the middle of a 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 -8.81% during the next 3 months and, with a 90% probability hold a price between $11.65 and $13.93 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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HPK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 5.96%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HighPeak Energy, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.44. On a fall, the stock will find some support from the short-term average at $14.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for HighPeak Energy, Inc. stock
HighPeak Energy, Inc. finds support from accumulated volume at $14.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.335 (2.38%) between high and low. For the last week, the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: $13.56 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (HPK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect HighPeak Energy, Inc. to open at $14.29, and during the day (based on 14 day Average True Range), to move between $13.90 and $14.88, which gives a possible trading interval of +/-$0.486 (+/-3.38%) up or down from last closing price. If HighPeak Energy, Inc. takes out the full calculated possible swing range there will be an estimated 6.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.19 (1.39%) than the resistance at $15.02 (4.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HighPeak Energy, Inc. stock A Buy?
HighPeak Energy, Inc. 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: 0.896 Hold/Accumulate Upgraded
Predicted Opening Price for HighPeak Energy, Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$14.29 ( 0.730%) | $14.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HPK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.62 | 1.60% |
R2 | 14.49 | 0.709% |
R1 | 14.41 | 0.160% |
Price | 14.39 | |
S1 | 14.16 | -1.62% |
S2 | 14.08 | -2.17% |
S3 | 13.95 | -3.06% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.08 | 11.74% |
R2 | 15.71 | 9.17% |
R1 | 15.02 | 4.38% |
Price | 14.39 | |
S1 | 14.19 | -1.39% |
S2 | 14.06 | -2.29% |
S3 | 13.98 | -2.85% |
HPK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2024 | Jun 03, 2024 | Jun 25, 2024 | $0.0400 | 0.286% |
2 | Feb 05, 2024 | Feb 29, 2024 | Mar 25, 2024 | $0.0400 | 0.249% |
3 | Oct 10, 2023 | Oct 31, 2023 | Nov 22, 2023 | $0.0250 | 0.155% |
4 | Jul 21, 2023 | Aug 07, 2023 | Aug 25, 2023 | $0.0250 | 0.183% |
5 | Apr 10, 2023 | Apr 28, 2023 | May 25, 2023 | $0.0250 | 0.175% |
FAQ
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