According to the 15-minute chart for Houston American Energy, a KDJ Death Cross and Bearish Marubozu pattern emerged on September 25, 2025, at 14:45. This indicates a shift in the momentum of the stock price towards a downward trend, with a potential for further decline. Sellers have taken control of the market, and it is likely that this bearish momentum will continue.
Houston American Energy (NYSE: HUSA) has reported its first revenue from the State Finkle Unit wells, marking a significant milestone for the company. On September 25, 2025, at 14:45, the 15-minute chart for HUSA displayed a KDJ Death Cross and Bearish Marubozu pattern, indicating a shift in the stock price towards a downward trend
Houston American Energy reports first revenue from State Finkle Unit wells[1].
The company, along with Abundia Global Impact Group, announced that production from the State Finkle Unit wells has commenced, with the first revenue received. This production is part of a six-well drilling project on the State Finkle Unit in the Wolfcamp formation in Reeves County, Texas, initiated by Houston American Energy in June 2024. EOG Resources (EOG) acts as the operator and principal working interest owner for this project
Houston American Energy reports first revenue from State Finkle Unit wells[1].
The KDJ Death Cross and Bearish Marubozu patterns suggest that sellers have taken control of the market, potentially leading to further declines in the stock price. This bearish momentum may impact investor sentiment and future financial performance.
Houston American Energy had previously secured $5 million in strategic financing to acquire a Texas Gulf Coast development site, demonstrating the company's commitment to growth and expansion
Houston American Energy reports first revenue from State Finkle Unit wells[1]. Despite this positive development, the technical indicators point to a challenging period ahead for the stock.
Investors should closely monitor Houston American Energy's financial performance and market conditions to make informed decisions. The company's ability to navigate these challenging market conditions will be crucial for its long-term success.
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