Houston American Energy Corp Stock Forecast
Houston American Energy Corp stock price ended at $1.22 on Tuesday, after losing 3.17%.
(Updated on Jul 02, 2024)
The Houston American Energy Corp stock price fell by -3.17% on the last day (Tuesday, 2nd Jul 2024) from $1.26 to $1.22. During the last trading day the stock fluctuated 5.74% from a day low at $1.22 to a day high of $1.29. The price has been going up and down for this period, and there has been a 0.83% gain for the last 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 -157 thousand shares and in total, 97 thousand shares were bought and sold for approximately $117.86 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.11 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.85% during the next 3 months and, with a 90% probability hold a price between $0.81 and $1.28 at the end of this 3-month period.
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HUSA Signals & Forecast
There are mixed signals in the stock today. The Houston American Energy Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.26 and $1.30. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.39%. 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).
Support, Risk & Stop-loss for Houston American Energy Corp stock
Houston American Energy Corp finds support from accumulated volume at $1.21 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 5.74%. For the last week the stock has had daily average volatility of 4.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUSA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Houston American Energy Corp to open at $1.24, and during the day (based on 14 day Average True Range), to move between $1.15 and $1.29, which gives a possible trading interval of +/-$0.0694 (+/-5.69%) up or down from last closing price. If Houston American Energy Corp takes out the full calculated possible swing range there will be an estimated 11.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.21 (0.82%) than the resistance at $1.26 (3.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Houston American Energy Corp stock A Buy?
Houston American Energy Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.465 Sell Candidate Unchanged
Predicted Opening Price for Houston American Energy Corp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.24 ( 1.91%) | $1.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUSA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.31 | 7.65% |
| R2 | 1.29 | 5.46% |
| R1 | 1.27 | 4.10% |
| Price | 1.22 | |
| S1 | 1.22 | -0.279% |
| S2 | 1.20 | -1.63% |
| S3 | 1.17 | -3.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.51 | 23.77% |
| R2 | 1.27 | 4.10% |
| R1 | 1.26 | 3.28% |
| Price | 1.22 | |
| S1 | 1.21 | -0.82% |
| S2 | 1.18 | -3.28% |
| S3 | 0 | - |
HUSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2010 | Dec 15, 2010 | Aug 03, 2020 | $2.50 | 154.32% |
| 2 | Nov 15, 2010 | Nov 29, 2010 | Dec 16, 2010 | $0.0625 | 0.0307% |
| 3 | Aug 17, 2010 | Aug 31, 2010 | Sep 21, 2010 | $0.0625 | 0.0518% |
| 4 | May 06, 2010 | May 24, 2010 | Jun 16, 2010 | $0.0625 | 0.0352% |
| 5 | Feb 16, 2010 | Feb 25, 2010 | Mar 17, 2010 | $0.0625 | 0.0318% |
FAQ
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