Halliburton stock: buy or sell
Jul 29th, 2021
Halliburton stock brief
- Halliburton stock climbed 2.18% to close at $21.09 on the stock market on Wednesday.
- From the chart point view, price is drawing a scaled uptrend since last April with higher tops and higher bottoms. This rally marked a 15.18% gain
- On July 19, Halliburton released its Q2 earnings report
- Halliburton Company provides a range of services and products to oil and natural gas companies worldwide.
Should I buy Halliburton stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $HAL stock a buy?
In the current situation of Halliburton there is just one buy setup eligible:
Uptrend buy setup
Halliburton stock is in an uptrend since last April that so far marked a gorgeous 15.00% gain. Price marked a pull back in this uptrend at $18.89 on July 19, and since then it bounced off a 11.65%. Breaking out over $25.00 - it's last top - will be a good entry point if Halliburton resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $22.50
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$25.00||$22.50||10.00%|
Should I sell Halliburton stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Just as when we have to buy shares, determining when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. When selling, as well as buying, our setups are very simple to follow and are only valid for selling stocks you already own, not for selling short Halliburton stock
As a rule of thumb, you must never hold an operation that produces higher than expected losses by the time of the buy. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Halliburton stock?
In the current situation of Halliburton there is not any eligible sell setup, so Halliburton stock holders with operations in green can keep their positions
In the previous month we couldn't find any rating for Halliburton
Halliburton stock analysis
Since last April, Halliburton has been printing an uptrend that so far marked an amazing 15.18%. Rising peaks and troughs can be seen easily on a chart and how price action provided very few buy points on the breakouts. Latest low was on July 19, when price bounced at $18.89. Now, the price trades in a consolidation between its last top ($25.00) and its last bottom ($18.89)
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 19, the price rebounded by 11.65%
Relative strength index
The RSI crossed up the oversold line of 30 on July 20 after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Wednesday was 46.34. Halliburton shares skyrocketed a 8.94% since RSI left the oversold zone
Halliburton stock price history
Halliburton went public on Jun 1st, 1972 priced at $0.00 per share1. Since then, HAL stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Halliburton stock at that time, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Halliburton stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and many times. Again, these estimates are not direct recommendations for small traders and should not be followed blindly.
We don't have any target price posted in the last 4 weeks for Halliburton.
Earnings and financials
Halliburton Company ($HAL) posted earnings of $0.26 per share on July 19, uplifting the Wall St consensus estimate of $0.23 per share. This Q2 report means an earnings surprise of 13.04%.Same quarter one year ago, reported EPS was $0.05, so current EPS means an improvement of 420.00%. Turnover exploded a 15.99% on an annualized basis in the , from $32.0B to $37.1B last quarter.
Halliburton ($HAL) will host the Q3 earnings call next October. Wall Street estimates of $0.29, compared to previous quarter that was $0.26.
Important note:The viewpoints written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the specific situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for educative purposes only
|Wednesday, July 28th, 2021|
|Day range||$20.57 - $21.39|
|Average true range||$1.12|
|50d mov avg||$22.60|
|100d mov avg||$22.08|
|200d mov avg||$19.90|
|Earnings date||October 18th, 2021|