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Houston American Energy's 15min chart triggers Bollinger Bands Narrowing and KDJ Death Cross.
ByAinvest
Friday, Sep 26, 2025 2:19 pm ET1min read
Houston American Energy's 15-minute chart has recently exhibited Bollinger Bands Narrowing, which indicates a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ Death Cross at 09/26/2025 14:15 suggests that the momentum of the stock price is shifting towards the downside and may experience further decreases.
Houston American Energy (NYSE: HUSA) has announced that it has received its first revenue from the State Finkle Unit wells in Reeves County, Texas. This marks a significant milestone for the company, which had initiated drilling activities on the unit in June 2024. The wells, operated by EOG Resources (EOG), have commenced production and have started generating royalties for HUSA.The State Finkle Unit is located in the Wolfcamp formation, a highly productive shale play in the Permian Basin. The unit consists of six wells, each with approximately three-mile laterals. The first revenue was received in September 2025, as reported by the company [1].
In addition to the financial news, Houston American Energy's stock has been exhibiting notable technical indicators. The 15-minute chart of HUSA's stock has shown Bollinger Bands narrowing, indicating a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ Death Cross at 09/26/2025 14:15 suggests that the momentum of the stock price is shifting towards the downside, potentially indicating further decreases in the stock price .
These developments come amidst Houston American Energy's strategic pivot towards cleantech investments. The company has recently secured $5 million in strategic financing to acquire a Texas Gulf Coast development site . This move underscores the company's commitment to diversifying its portfolio and exploring new growth opportunities.
Investors and financial professionals should closely monitor Houston American Energy's progress in the State Finkle Unit and its broader strategic initiatives. The company's ability to generate revenue from the unit and its technical indicators will be key factors to watch as the stock market continues to evolve.
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