Halliburton stock: buy or sell
Updated on:
Jan 27th, 2021
1
Halliburton stock brief
- Halliburton stock went down -2.31% to close at $18.20 on the stock market today, after 7 consecutive sessions in red.
- The stock is configuring an uptrend pattern since last October, when it bottomed at $10.57. Up to date, shares made a 72.19% gain since the beginning of this rally
- Halliburton presented its financial report on January 19
- Atlantic Securities posted a bullish rating for Halliburton on Monday, targeting $23.00
- 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?
Currently, Halliburton stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $HAL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Halliburton stock?
When you own a stock with some profit, it's really hard to decide the good moment to sell and get your benefits. As when we have to buy shares, determining when is appropiate to sell is not a fickle decision, and we must use our own trading style. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for shorting $HAL stock
A golden rule is that you should never keep an operation that yields higher than expected losses upon the buy. The timing to sell shares always has to 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 profit can keep their positions
Price broke down below last bottom
Halliburton ratings
In the last month, 7 ratings were published for Halliburton
| Brokerage firm | Rating |
|---|---|
| Jan 20th, 2021 | |
| Cowen | Buy |
| Credit Suisse Group | Neutral |
| Morgan Stanley | |
| Northland Securities | |
| Royal Bank of Canada | |
| Stephens | |
| Jan 25th, 2021 | |
| Atlantic Securities | Neutral → Buy |
Halliburton stock analysis
Halliburton stock started an uptrend last October, and gained a gorgeous 72.19%. During this uptrend, the price provided some entry points on the breakouts. Latest low was in late December, when price bounced at $18.33. On Tuesday, the uptrend got broken when price dropped under the $18.33 support
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on January 14, the price has been corrected downwards by 17.98%. The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on January 13 after just crossing to the overbough zone for a single day (weak signal). The RSI value on Tuesday was 39.89. Halliburton stock dropped a 17.76% since RSI lost the overbought zone
Halliburton stock price history
Halliburton went public priced at an adjusted price1 of $0.00 on Jun 1972. Since then, HAL stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on Jun 1972 would worth $inf nowadays.
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. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and usually. If you are a small trader you shouldn't trade based on these predictions.
Averaging all price targets exposed below, the forecasted price for Halliburton stock is $23.00. Halliburton closed at $18.20 on Tuesday, that is a 20.87% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Jan 20th, 2021 | |
| Cowen | $28.00 → $32.00 |
| Credit Suisse Group | $14.00 → $16.00 |
| Morgan Stanley | $20.00 → $22.00 |
| Northland Securities | $15.00 → $20.00 |
| Royal Bank of Canada | $23.00 |
| Stephens | $14.00 → $25.00 |
| Jan 25th, 2021 | |
| Atlantic Securities | $23.00 |
Earnings and financials
On January 19, Halliburton ($HAL) had the quarterly earnings call and released the report. Halliburton beat market estimates and posted of $0.18, that is a 20.00% increase compared to the previous forecasts of $0.15. On the other hand, reported sales of $3.2 billion were in line with market estimates.
Same quarter one year ago, reported EPS was $0.32, so current EPS is a decrease of -43.75%. Revenue collapsed a -37.64% on an annualized basis in the , from $51.9B to $32.4B last quarter.Halliburton ($HAL) is hosting the quarterly earnings call next April. Estimated for this quarter is $0.17, compared to $0.18 that was reported for Q4.
Halliburton performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Halliburton ($HAL) | -7.00% | 39.90% | 23.60% |
Important:
The comments contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the individual scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for informational purposes onlyHalliburton summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $18.88 |
| Close | $18.2 |
| Day range | $18.2 - $19.12 |
| Previous close | $18.63 |
| Session gain | -2.31% |
| Average true range | $1.39 |
| 50d mov avg | $18.79 |
| 100d mov avg | $15.93 |
| 200d mov avg | $14.27 |
| Earnings date | April 19th, 2021 |