Hugoton Royalty Trust Stock Forecast
Hugoton Royalty Trust stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The Hugoton Royalty Trust stock price fell by -1.04% on the last day (Thursday, 18th Apr 2024) from £480.00 to £475.00. During the last trading day the stock fluctuated 2.23% from a day low at £474.43 to a day high of £485.00. The price has fallen in 6 of the last 10 days and is down by -0.31% for this period. Volume has increased on the last day by 282 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 670 thousand shares were bought and sold for approximately £318.09 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 16.40% during the next 3 months and, with a 90% probability hold a price between £535.09 and £578.67 at the end of this 3-month period.
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HGT.L Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -3.36%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Hugoton Royalty Trust stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £481.93. On a fall, the stock will find some support from the long-term average at approximately £467.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
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.
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 £10.57 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: £455.78 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (HGT.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hugoton Royalty Trust to open at £478.14, and during the day (based on 14 day Average True Range), to move between £461.55 and £488.45, which gives a possible trading interval of +/-£13.45 (+/-2.83%) up or down from last closing price. If Hugoton Royalty Trust takes out the full calculated possible swing range there will be an estimated 5.66% 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 (0.84%) than the support at £456.00 (4.00%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.921 Buy Candidate Upgraded
Predicted Opening Price for Hugoton Royalty Trust of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £478.14 ( 0.662%) | £475.00 |
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 | 488.71 | 2.89 % | |
| R2 | 484.68 | 2.04 % | ||
| R1 | 482.18 | 1.51 % | ||
| Current price: | 475.00 | |||
| Support | S1 | 474.11 | -0.188 % | |
| S2 | 471.61 | -0.713 % | ||
| S3 | 467.58 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 487.00 | 2.53 % | |
| R2 | 486.00 | 2.32 % | ||
| R1 | 479.00 | 0.84 % | ||
| Current price | 475.00 | |||
| Support | S1 | 456.00 | -4.00% | |
| S2 | 448.00 | -5.68% | ||
| S3 | 414.00 | -12.84% |
HGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 21, 2024 | £4.50 | 0.95% |
| 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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