Alex Vieira Slashes Oil Price Target Halliburton JUNK ratingAlex Vieira Slashes Oil Price Target Halliburton JUNK rating
Halliburton
Sco Paa tu Manaa WTI Crude OilOptimistic phase one trade deal helped Energies reach new higher lows, a bearish reversal is expected having reached prior supply prices.
It's time to buy HALWe haven't seen these levels since since 2008-09. I think this is a really good buying opportunity for long-term, patient investors. I'd buy here and put a stop just below $18.
Long HAL - Long OilWhats up Traders -
Looking out here at a 'swing trade'.
I'm fully expecting:
oil prices to rise
Production to stay curtailed
The Iranian sanction lift to go off without a bearish pressure on the oil industry.
Summer Demand / increasing demand to cause shortages
Prices to Spike
Oil Companies profit outlooks to rise
Long Halliburton / Oil is a solid low risk - high reward play here IMO.
HALLIBURTON LONG - CLEAR SUPPORT AT 30$ AND RSI OVERSOLDHi there
Halliburton Company (HAL) has shown a clear and strong support at 30.00 and could very well bounce right back up to 50.00 or even 55.00
The MACD, Parabolic SAR and the Williams market buttom finder are all indicating bullish momentum. Since this is a fairly long term trade it is necessary to look at the fundamentals aswell. With a PEG ratio of 0.63 and a recommendation rating of 1.8 (strong buy) this should be a pretty good trade in my opinion.
HALLIBURTON COMP. IS LOOKING BEARISH ON D1* Some indicators are looking bearish on D1.
*Cloud is a resistance area for this stock.
HAL Scenario for Earning Report DayHalliburton reported in its last quarter operations for $365 million, or $0.42 per diluted share. If we compare the income from continuing operations of second quarter 2017 around $28 million, or $0.03 per diluted share and compare with Crude Oil price, we can see how the pressure is correlating, but at the same time we have to keep in mind my forecast for WTI on November 7, so again we need to see a better present value for this share to take an action then.
However the market is expecting $0.46 for tomorrow earning report, comparing with last $0.42, my own EPS is >$0.39 and PEG >0.50% so still ok.
Have a Good Trading Week!
Cream Live Trading, Best Regards!
Halliburton CO buyUnder a technical perspective, the broken triangle and double bottom pattern indicates and upward movement, with a profit taking at a reasonable r:r pivot point.
Can Halliburton clear resistance at 47.50?Technically Speaking
HAL found resistance right where you would expect, the pivot at 47.50 and the 200 WMA. A clear move above that level and there is plenty of air until the 2015 high above 72.50. A rejection could see a move back toward the 2016 low prints.
Of course, the outcome will depend on the companies earnings vs the current expectations. Earnings come out on 10/19 as noted on the chart, so proceed with caution.
Fundamentals
HAL currently sports a div yield of 1.55%-https://www.google.com/finance?q=NYSE%3AHAL&ei=I5MFWKG2IoGmmAGr-r_wAQ
Here is their div history: www.nasdaq.com
As always, trade your plan. Nobody knows what the future holds or how a companies stock price will react to any given set of earnings or events. All we can do as traders is pick our spots, limit risk, and take the trades we feel like we understand and have an edge. That's it.
My favorite quote
"Superior investment results can only stem from a better-than-average ability to figure out when risk-taking will lead to gain and when it will end in loss. There is no alternative". Howard Marks. Check his memos out, they are a great read. www.oaktreecapital.com
Nail In Coffin Of Halliburton Company HALHalliburton Company (NYSE:HAL) was primed for a monster breakout on the stock chart today. The stock chart had a perfect bull flag setup, it just needed catalyst. Then it happened. Overnight, non-OPEC oil producing nations announced a cut in production. Oil surged dramatically going into today's action. This seemed like a perfect catalyst for a massive breakout. Halliburton Company jumped at the open....
Within 10 minutes, the stock had topped. Then Halliburton Company (NYSE:HAL) slowly sold off the rest of the day. This is insanely brearish not only for the constant institutional selling all day long, but because it is a failed breakout and the resulting candle on the daily stock chart is a topping tail. Topping tails are reversal signals, extremely bearish.
Expect a pull back on Halliburton Company to a target price of $48.00 in the next month.
View my trades VERIFIED here: verifiedinvesting.com
$HAL - Upside breakout potential PT @ $55 + Fundamentals/OilFibonacci Retracements point to a continued rally for HAL given the recent uptick in commodity prices.
I'm looking for a breakout to $52 (38.2 Fib Retracement), pullback to $48 (23.6 Fib Retracement), at which point i'm buying with a price target of $55 (50% Fib Retracement).
Could go higher, but the upside will be relatively capped given the level of the current US fracklog . Once prices justify completing and turning on these backlogged wells, it will cause the E&Ps to turn on the spigot, again pushing supply to a point where prices will have to react . (There is headline risk given potential Iran deal and capacity issues at cushing)
On a fundamental level, the recent divestiture of assets in concert with the baker hughes merger should be a long term positive for the company. I'd also look for them to further consolidate once the deal goes through as some smaller oil/gas service companies will start to feel the financial stress of the downturn during this time. Many of them operate in the more marginal areas of the shales/basins resulting in a higher breakeven cost given an expected return of about 10%. I'd also look for
Stable Oil Prices Sets Up Well For Halliburton Near-TermThe stabilization in energy prices lately has meant relief in some oil & gas stocks. Halliburton shares have been one of them, putting in a series of higher lows since mid-January. The pullback in the previous two weeks sets up for a low risk buying opportunity (stop loss under $41.90). HAL is now poised to fill the gap from November ($46.70-$47.50 range) in the coming months with near-term resistance at $45.
Options Trade Idea : Sell the Mar 20 $41/$42 bull put spread for a $0.23 credit or better (still using the $41.90 level as a stop loss reference to minimize risks). Look to take profits at $0.05 credit and/or a move to $45 in the stock.
Transoceans Timewindow.The stock is certainly in a longer downtrend. A Turnaround is to early to tell - Even though, it can be time to start looking at a longer term Long position in the stock. Looking at the timecycles "Low to Low" from 2004 - present, It seems to come in a cycle Low every 76 to 81 weekly bars or every 500 to 550 days. We might now be at week 77 from an earlier Low. The chart shows the different Low points.
The RSI indicator is presently seldom this extremely low at 7.5. Low RSI readings in December of 2008, June of 2010, December 2011 sparked impressive advances. Time will show if this instance comes in to play again with a low around x-mas time of 2014 or maybe aleady in place 2 days ago..
