Halliburton stock: buy or sell
Updated on:
Apr 16th, 2021
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Halliburton stock brief
- Halliburton stock collapsed -2.68% to close at $21.08 on the stock market on Thursday.
- Halliburton is presenting its earnings report on Monday
- The stock is configuring an uptrend pattern since last January, when it bottomed at $17.20. This rally marked a 22.56% gain
- 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 matches one trading strategy:
Uptrend buy setup
Halliburton stock continues to trend higher since last January and marked a gorgeous 22.56% gain. Price marked a local bottom in this uptrend at $20.03 in late March, and since then it bounced off a 5.24%. Now, it's only 17.36% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $24.74. If you decide to enter this trade, the suggested stop loss is at $22.27
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $24.74 | $22.27 | 10.00% |
Should I sell Halliburton stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. As when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies should not be used for shorting Halliburton stock
As a golden rule, you should never mantain an investment that produces higher than expected losses by the time of the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Halliburton stock?
Currently, Halliburton stock doesn't match any of our preferred sell setups, so if you hold Halliburton stock and your operation is in profit probably is not time to sell now
Halliburton ratings
In the last month we couldn't find any rating for Halliburton
Halliburton stock analysis
Since last January, Halliburton has been printing an uptrend that by now marked a gorgeous 22.56%. Rising highs and lows can be seen easily on a chart and how price provided very few entry points on the breakouts. Latest low was in late March, when price bounced at $20.03. Currently, it moves in a consolidation between its last top ($24.74) and its last bottom ($20.03)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
The price is trading near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for several weeks, and therefore, without this indicator really helping us to make any decisions.
Halliburton stock price history
Halliburton started trading on Jun 1st, 1972 priced at $0.00 per share1. Since then, HAL stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Halliburton stock on Jun 1972, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Halliburton stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price target released by financial institutions in the last 30 days. If you are a small trader you shouldn't buy or sell based on these predictions.
We don't have any target price posted in the last 4 weeks for Halliburton.
Earnings and financials
Halliburton ($HAL) is hosting the Q1 earnings call on Monday. Market predicts of $0.17, compared to Q4 that made $0.18.
You must remember that the price action after the financial report release date usually has a higher volatility that may not respect your stop-loss orders.. Halliburton's website probably has additional details.
Last January, Halliburton Company ($HAL) reported EPS for that significantly improved Market expectations. Quarterly EPS was $0.18 per share vs the estimates of $0.15. This Q4 report represents an earnings surprise of 20.00%. On the contrary, reported sales were $3.2 billion, in line with analysts' forecasts.
Same quarter one year ago, reported EPS was $0.32, so recently posted EPS is a drop of -43.75%. Looking at revenues, figures tanked a -37.64% compared to $51.9B year over year.Halliburton performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Halliburton ($HAL) | -6.80% | -2.40% | 68.20% |
Important:
The comments expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the particular situations of the reader, his or her finances 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 Viewpoints are expressed for learning reasons onlyHalliburton summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $21.84 |
| Close | $21.08 |
| Day range | $20.95 - $21.86 |
| Previous close | $21.66 |
| Session gain | -2.68% |
| Average true range | $0.71 |
| 50d mov avg | $21.53 |
| 100d mov avg | $20.26 |
| 200d mov avg | $17.04 |
| Earnings date | April 19th, 2021 |