Short play on $HAL on monthlyMonthly chart for $HAL. Price is now below all monthly EMA and VWAP. MY bet is that we visit $23 on the down trend by May 25'. RSI has room to go down. Puts are cheap as well.
HAL trade ideas
Halliburton’s Potential DowntrendHalliburton tried to rally in late September and early October. However, some traders may see evidence of a downtrend.
The first pattern on today’s chart is the bearish-flag breakdown early last month. The oil-field service provider hit a 23-month low soon after, contrasting with the upward path of the broader market. That’s a potential sign of negative sentiment.
Second is the $31.38 level where HAL closed immediately before breaking to the downside. Prices tested and failed at that location last week. Has new resistance been confirmed?
Third, the stock has slipped back below its 21-day exponential and 50-day simple moving averages. That may indicate weakness in the short and intermediate terms.
Finally, stochastics are sliding from an overbought condition.
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long $HAL on double bottom pattern, bullish sentiment for crudeI am going long NSE:HAL via options for the following reasons:
NYMEX:CL1! closed the week before last at the second lowest level of the year. The following week, i.e. last week, oil emphatically rejected these lows with a 10% gain, showing the highest weekly trading volume of the year. This move continued today with another 3.7% gain.
I believe that drilling activity is close to a bottom. Last week Baker Hughes reported 479 oil rigs in operation in North America. That's the second lowest weekly number since the beginning of 2022. I don't see Western countries ending their embargo of Russian oil any time soon, there's the potential for Israel to strike Iran's oil export infrastructure, the Strategic Petroleum Reserve continues to hover near 16-year lows, and there's always another hurricane brewing in the Gulf of Mexico. With all that going on, I believe that US producers will be smart to put a few well completions into their back pockets, just in case.
NSE:HAL is the cheapest of the big three oil services companies on a fwd EV/EBITDA basis. Management expects 2024 FCF to grow at least 10% from 2023 (analysts penciled in 20% growth), and they expect drilling activity to increase in 2025 from 2024H2 levels.
NSE:HAL currently presents a double bottom pattern on the daily chart. Since 2021 these patterns have had a very high probability to hit their target for $HAL.
I think this trade is attractive on multiple time horizons. Mine is relatively short (I expect to be out before the Nov 7 earnings release). This is no recommendation, of course. Please do your own research.
Halliburton’s Potential Bearish FlagEnergy stocks continue to lag as the market anticipates greater supply and weaker demand from China. The backdrop may be creating downside risk in Halliburton, a key provider of oilfield services.
The first pattern on today’s chart is the January low just below $33. Prices bounced there in June and July. They slid below in August, which may be viewed as a breakdown.
A small rising channel has developed since then. Some traders may view that as a bearish flag. (Notice a similar formation in May, followed by a drop.)
Third, the gap lower on July 19 after revenue missed could reflect weakening fundamentals.
Next, our 2 MA Ratio custom script in the lower study shows the 8-day exponential moving average (EMA) staying below the 21-day EMA. That may reflect a bearish short-term trend.
The longer-term trajectory could additionally be negative: HAL made a lower quarterly high in April versus October. The 50-day simple moving average (SMA) also had a “death cross” below the 200-day SMA in June.
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Halliburton | Range Idea | Pre-MarketWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
# POSITION & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* 20 EMA
* 1000 EMA
* Retracement
# LOWER DEGREE | 4 Hour Time Frame
- Behaviour & Subdivision
- Measurement on Session
* 20 EMA
* 1000 EMA
* Signpost | Market Cap | Confluence Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
HAL Long80% upside from here in long term.
30% upside in medium term with a target around $42.6
Ascending triangle coiling.
Indicators oversold.
Good buy price at current levels.
HAL eyes on $36.xx for major support: uptrend Do-or-Die levelEnergy sector has been very strong for some time.
We have a decent pullback now across the sector.
Halliburton is at a major support that might hold.
$ 35.84 - 36.22 is the current support to hold.
If this does NOT hold then uptrend is likely over.
If it DOES hold, we should proceed to new highs.
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Stocks pairs trading: HAL vs RHILet's analyze the trade potential of Halliburton Company (HAL) and Robert Half International Inc. (RHI) by examining key financial metrics and market performance to determine reasons for potentially going long on HAL and short on RHI.
Forward P/E Ratio: HAL's forward P/E of 9.50 is lower than RHI’s forward P/E of 17.94, suggesting that HAL is priced more attractively relative to future earnings expectations. This lower valuation might make HAL a more appealing investment.
Year-to-Date Performance: HAL has seen a modest gain of 3.29% year-to-date, while RHI has faced a significant decline of 19.03%. HAL's positive performance amidst broader market conditions indicates a resilient position, whereas RHI's sharp decline suggests ongoing challenges.
Profit Margin Comparison: HAL operates with a profit margin of 11.20%, while RHI’s profit margin is slightly lower at 5.74%. This suggests HAL is more efficient in converting sales into net income, an attractive trait for long-term investments.
Market Performance Trends: HAL has experienced a performance dip in the past month but shows a strong quarterly performance with an 8.14% gain. On the other hand, RHI’s performance trends are negative across multiple periods, with a particularly notable 13.14% drop over the past quarter, indicating a potential for further decline.
Analyst Recommendations: HAL has a more favorable recommendation score of 1.36 compared to RHI’s 3.71, indicating stronger analyst confidence in HAL’s market position and future performance.
Decision:
Long on 2 HAL: This position is supported by HAL’s lower forward valuation, impressive near-term earnings growth forecast, and stronger profit margins, which all suggest a potential for market revaluation upward.
Short on 1 RHI: Given its higher valuation, weaker growth prospects in EPS, and significant reduction in sales, coupled with relatively poor market performance indicators, shorting RHI could be advantageous if these trends continue.
Halliburton - HAL Dragon Long History rhyming 3 times in a row?
Perfect dragon with bullish divergence, we went long last week as updated in the community.
Perfect trade in terms of risk management, then as always you never know if it will play out.
Halliburton Makes a Higher LowHalliburton has been sliding since mid-October, but there could be signs that the energy-services giant has bottomed.
The first pattern on today’s chart is last week’s bounce around $34, about $1 above the mid-January trough. Such a higher low could indicate that a downtrend is ending.
Second, combined with the price action in the first half of December, a rounded bottom may have formed.
Next, consider how the weekly close on Friday, January 26, surpassed the weekly peaks of late December. Such a higher high could also represent the end of a downtrend.
Fourth, the January low around $33 closely matched a support and breakout area from the end of 2023’s second quarter and the start of its third quarter.
Finally, HAL jumped above its 50-day simple moving average (SMA) three weeks ago. It dipped back below but is now challenging that line again. Is intermediate-term direction changing?
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
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CSP HALOil is looking strong, and oil stocks are going to catch up very quickly. I'm selling CSP as shown, you can also buy the stock. It has strong support underneath and it looks like the price is going to test the upper vertex again.
HAL HAL showing an upward trend. The blue lines shows an ascending triangle with strong opportunity to reach around $43 in next weeks. I start this analysis with current price at $35.34, with 21.7% potential gain.
Also, you can see a strong resistance at that level. But if you fell more adventurous, the red lines above $43 range would be some long shot potential targets for HAL.
Good Luck!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
HALLIBURTON Weekly Technical AnalysisHAL Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Clusters, Trend Lines , Parallel Chanel, Fibonacci, Gap, Triangle - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Basic trend analysis of HALHAL forming a beautiful upward trend since last 3 years. If we follow this pattern, it should reach around $43 in next 1~2 months. Also, SMA 7 just crossed SMA 22. Another price rise will confirm this.
Be cautious at around $43, as there is a strong resistance at that level.
Halliburton BearishHalliburton Bearish
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
EOY Review $HAL messy....inside yearNSE:HAL
2 UP on the quarter but not strong enough to close above Q3 high
inside year = no clear direction
messy 3M chart = neutral and a need to wait for more clues
oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
HAL BullI am bullish on oil and oil-related stocks nowadays. I estimate there will be short-term bullish move on HAL
HAL: aiming for support?A price action below 37.00 supports a bearish trend direction.
Increase short exposure for a break below 37.00 as well.
The target price is set at 35.00 (major support).
The stop-loss price is set at 40.00.
Breaking the confluence of the 200-day and 200-month simple moving average might trigger a cascade effect in the price.
Remains a risky trade.
HAL BUYTrade 11-30-2023
At the time of trading this, it seemed like a good idea…. Now it looks like we have to wait for this one return favorable. This is a SWING trade.
BUY $37.71 SELL $41.07 ASK 3.36
Puts HALDouble top and bearish flag forming. I think eventually is going to break through the neck line. I'm giving the puts some time bc we might have a fight between bulls and bears at the support. Today the market opened very high, so I'm buying my puts very cheap.
HAL, BUY, -1.49% LOSSBought NYSE:HAL on 10/23/2023 at market close and closed the position on 10/24/2023 at market open. Net -1.49% loss.
HAL Halliburton Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HAL Halliburton Company prior to the earnings report this week,
I would consider purchasing the 42usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
HAL | Day trading | 10-24-2023 | ER dayNYSE:HAL
*I'm already long based on Option flow and money flow and the last 3 months Oil prices before the earning day.
Trend & Moving Averages:
The stock has been on a downward trajectory recently, as evidenced by consistent lower highs and lower lows.
It has been trading below the orange and blue moving averages, reinforcing the bearish trend.
However, there is a sign of potential consolidation or reversal, as the stock price oscillates around the moving averages in the recent few candles.
Support & Resistance Levels:
Bullish Line at 41.91 USD: This seems to be a recent support level. The stock has bounced from this area a couple of times, suggesting its importance.
Target Price 1 at 42.29 USD: This is a minor resistance level. If the stock can break and hold above this, it might aim for higher levels.
Target Price 2 at 42.94 USD: A significant resistance level. If the stock can break through this, it might confirm a bullish reversal.
Target Price 3 at 43.43 USD: This is the next potential target if the stock can sustain its momentum after breaking through the previous resistance levels.
Volume:
There's a noticeable spike in volume on the last candle. The increasing volume might suggest heightened interest or activity in the stock, but it's crucial to determine the nature (buying/selling) of this volume in conjunction with price movement.
Ichimoku Cloud:
The stock is trading below the shaded cloud area, typically seen as a bearish sign. For a bullish confirmation, one would like to see the stock price break and maintain above the cloud.
Potential Reversal Indicators:
The stock's recent behavior around the moving averages and its approach to the resistance levels might suggest a potential change in momentum or a period of consolidation. This needs to be watched closely, especially in conjunction with volume and other technical indicators.
To conclude, while Halliburton Company has shown a bearish trend recently, there are signs of potential consolidation or a shift in momentum. It's essential to keep a close watch on how the stock behaves around the mentioned support and resistance levels.
