Houston American Energy's 15min chart shows RSI Overbought, KDJ Death Cross.

According to the 15-minute chart of Houston American Energy, the Relative Strength Index (RSI) has reached an overbought level, while the KDJ indicator has crossed below its signal line, signaling a potential reversal in the stock's momentum. This suggests that the stock's price has risen too quickly and may be due for a correction, as it is no longer supported by fundamental factors. The bearish momentum could lead to further decreases in the stock price.

Houston American Energy Corp has filed with the Securities and Exchange Commission (SEC) for a mixed shelf offering of up to $300 million Houston American Energy Files For Mixed Shelf Offering - SEC Filing^[1]. This offering is expected to provide the company with additional capital to support its operations and growth initiatives. The filing, which was made on September 12, 2025, details the terms and conditions of the offering, including the price range and the types of securities being offered.

The company's decision to pursue this offering comes at a time when its stock has shown signs of overbought conditions. According to technical analysis, the Relative Strength Index (RSI) has reached an overbought level, while the KDJ indicator has crossed below its signal line, suggesting a potential reversal in the stock's momentum . These indicators imply that the stock's price has risen too quickly and may be due for a correction, as it is no longer supported by fundamental factors. This bearish momentum could lead to further decreases in the stock price.

Investors and financial professionals should closely monitor the developments surrounding Houston American Energy's mixed shelf offering and the stock's technical indicators to make informed investment decisions. The company's ability to successfully raise capital through this offering could have significant implications for its future performance and stock price.