Houston American Energy Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Houston American Energy Corp stock upgraded to Hold/Accumulate.
(Updated on May 07, 2024)
The Houston American Energy Corp stock price fell by -0.662% on the last day (Tuesday, 7th May 2024) from $1.51 to $1.50. During the last trading day the stock fluctuated 4.73% from a day low at $1.48 to a day high of $1.55. The price has fallen in 7 of the last 10 days and is down by -8.54% 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 -47 thousand shares and in total, 210 thousand shares were bought and sold for approximately $314.40 thousand.
Given the current short-term trend, the stock is expected to rise 20.51% during the next 3 months and, with a 90% probability hold a price between $1.81 and $2.91 at the end of this 3-month period.
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HUSA Signals & Forecast
There are few to no technical positive signals at the moment. 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 $1.55 and $1.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -35.06%. 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 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.
Support, Risk & Stop-loss for Houston American Energy Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.41 and $1.33. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Houston American Energy Corp finds support just below today's level at $1.41. If this is broken, then the next support from accumulated volume will be at $1.33 and $1.30.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0700 between high and low, or 4.73%. For the last week the stock has had daily average volatility of 5.97%.
Our recommended stop-loss: $1.41 (-6.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (HUSA) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Houston American Energy Corp to open at $1.51, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.67, which gives a possible trading interval of +/-$0.171 (+/-11.39%) 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 22.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.56 (4.00%) than the support at $1.41 (6.02%), 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 Houston American Energy Corp stock A Buy?
Houston American Energy Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.636 Hold/Accumulate Upgraded
Predicted Opening Price for Houston American Energy Corp of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $1.51 ( 0.667%) | $1.50 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | 5.33 % | |
| R2 | 1.55 | 3.55 % | ||
| R1 | 1.54 | 2.45 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.48 | -1.12 % | |
| S2 | 1.47 | -2.22 % | ||
| S3 | 1.44 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.67 | 11.33 % | |
| R2 | 1.61 | 7.33 % | ||
| R1 | 1.56 | 4.00 % | ||
| Current price | 1.50 | |||
| Support | S1 | 1.41 | -6.02% | |
| S2 | 1.33 | -11.33% | ||
| S3 | 1.30 | -13.33% |
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 12, 2010 | Feb 25, 2010 | Mar 17, 2010 | $0.0625 | 0.0318% |
FAQ
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