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.
4HAL trade ideas
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.
HalliburtonAs we can see with this chart, Halliburton is quickly approaching a region to sell long positions. which would be in between the 43.26 horizontal line and the old support line/new resistance line ending the chart at 53, depending on your appetite for risk. In the event that it reaches the 56.79 pink horizontal line I will start looking for an entry into a short position.
Rising triangle of evilRising triangle of evil, hate to say it but Evil Corp' looks good on a break up. Mur-ca.
Target mac one eye balled, measure your penis your own way.
This time is going to break upPrice is attempting to break the 42 level resistance, I has tried before but was rejected. Last week was rejected again but is pushing up right away. XOM already broke up and oil is very strong.
HAL: Ascending Triangle (81%), WeeklyHalliburton showing a positive push with an ascending Triangle on the Weekly.
Not confirmed yet.
Has to push throught the 26$ resistance with volume first.
If confirmed:
Price Target = 46.71$
Stay Humble, have fun, Make money!
HAL Short PutBuy Aug-04-23 38.5 Puts @ 0.35 Limit to Open
Buy Aug-11-23 38 Puts @ 0.55 Limit to Open
On critical resistance on several timeframes. Oscillator lingering overbought, in a coiling form.
HAL an energy stock setting up LONGHAL being part of the energy/ oil sector has been down lately but after all in keeping
with the concept of buying low and selling high, it may be at a buying point. Here in the 4H
chart, I have set up two long term anchored VWAPs one at the swing pivot high a year ago
and another at a swing pivot low last October. As a result the chart has zones between the
values (1) the mean VWAP zone between the two thick black lines. (2) the upper and lower
one standard deviation from the mean zones between lighter blue lines and (3) the
upper and lower two standard deviations from the mean zones between the lighter red lines.
HAL's price has crossed the mean WVAP zone from underneath it, a sign of bullish
momentum and so a buy signal. The targets are the evolving dynamic resistance above
in the form of the zones between the blue lines and beyond that the red lines.
The volume profile with a POC line near to the mean VWAP validates the setup.
Accumulation in the three months as shown by higher relative volumes in the past
three months is another validation. More demand will push prices higher.
I see this as a long-trade setup. ( I also rely on Buffet buying more OXY ) My preferred
position is a call option expiring in November or December at a strike $30-31 which
if performing well will be held until a couple of weeks before expiration . This idea is
meant to highlight the use of anchored VWAP on high time frame charts to capture the
role of both price and volume in market dynamics and in the determination of zones of
liquidity and volatility so as to provide quality analysis without reliance on multiple
lagging indicators that may neglect any focus on volume and so handicap the trader
seeking to take high quality A+ setups layering in some trade managment tactics to
optimize alpha returns.
Oil in wave 3 of 5Oil in wave 3 of 5, and will need the power leg to breach the major TL, retest, resume down in "recession" full force move, perhaps demand shock event triggers large wave 5 down. Previous 5 wave timeline looks similar, with strong 5 leg.
Potential Downside in HalliburtonOil-field servicer Halliburton has been dropping since late January, and now the bears could be looking for another move lower.
The first pattern on today’s chart is the tight consolidation pattern since energy stocks rallied on April 3. (Following the unexpected OPEC+ production cuts.) HAL was unable to get above $34.80 while attempting to make higher lows. The result was a triangle that resolved to the downside.
Second, the 50-day simple moving average (SMA) is nearing a potential “death cross” under the 200-day SMA. (Marked in red and green.)
Third, prices stalled around 43 in June and January. That resistance level could now be viewed as a double top.
Finally, the lower study features our 2 MA Ratio custom script. It flipped negative yesterday as the 8-day exponential moving average (EMA) slid below the 21-day EMA, a potential sign of the short-term trend turning bearish.
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HAL, double top formation HAL wants lower from here, indicators have a death cross. Dreamers are bullish. Realists are Bears here.
Halliburton Company (HAL) 3M Trading Analisys (TA)3M Chart, Halliburton (HAL) :
MACD : On October 1, 2021, the signals on pierced up from below the histogram and have been moving toward the surface since then.
RSI : The signal bounced on January 20, 2020 at 32, steadily moving towards 60.
PRICE : Has been steadily moving up after bouncing on $4.5, around the ATL (All Time Low) already tested twice the 200MA signal below the 100MA and is pushing to move above this last one to test again its ATH (All Time High) around $70, which is the optimistic approach.
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
Today this ticker has a Volume of 6.917M.
This Company PAYS DIVIDENDS TO SHAREHOLDERS (DIVIDENDS YIELD 1.71%)
Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.
Good Luck!
Gráfico de 3M, Halliburton (HAL) :
MACD : El 1 de octubre de 2021, las señales se cruzaron por debajo del histograma y han mantenido su movimiento ascendente hacia la superficie desde entonces.
RSI : La señal rebotó el 20 de enero de 2020 a los 32, y desde ese momento, ha mantenido un movimiento ascendente constante hacia 60.
PRECIO : Se ha incrementado constantemente después de rebotar en $4.5, alrededor del ATL (All Time Low/Precio Histórico más Bajo) ya testeó ambas señales MA: 200MA por debajo de la 100MA y está presionando para moverse por encima de esta última para testear nuevamente su ATH (All Time High/Precio Histórico más Alto) alrededor de $70, que es el enfoque optimista.
"En este negocio, si eres bueno, tienes razón seis de cada diez veces. Nunca vas a tener razón nueve de cada diez. Descubrí que cuando el mercado está cayendo y compras fondos sabiamente, en algún momento en el futuro serás feliz. Nunca verás un anuncio que diga: "Ahora es el momento de comprar".
Hoy este ticker tiene un Volumen de 6.917M.
Esta Empresa PAGA DIVIDENDOS A LOS ACCIONISTAS (RENDIMIENTO POR DIVIDENDO 1.71%)
Halliburton Co. se involucra en la provisión de servicios y productos para la industria energética relacionada con la exploración, desarrollo y producción de petróleo y gas natural. Funciona a través de la finalización y la producción, y segmentos de perforación y evaluación. La compañía fue fundada por Erle P. Halliburton en 1919 y tiene su sede en Houston, TX.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make, and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE : No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompaña es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
HAL, shortHAL has a date with its 200 MA. and then, what does oil do. Selling SPR doesn't help supply much, when demand shock is about to hit hard.
Halliburtonsince the beginning of 2023, 50 SMA and 20 EMA are strong support levels for this underlying. The stock moved much before earnings and I guess due to iv% there were no big price movements on HAL. I think it could retest Jun 2022 highs. if it fails to hold that level we could see HAL at 35s.
HAL Shortthere are interesting actions on Halliburton for the weekly and daily timeframes. I think as soon as HAL could not break 39 and hold it to bounce up. and could test it moving averages or support levels as 35s
Long trade on HALHaliburton is setting up in a volatility contraction pattern trying to break out higher. There is supply at the $40 level, so I want to buy on a pullback off that level to create a profit cushion in case it fails there again.
There is also a longer-term cup with handle pattern here with $40 being the top of the handle.
Volume is drying up in the base which hopefully signals supply no longer coming to market and the stock becoming harder to buy. I am taking a small pilot position off the pullback to the 50-day moving average (red line) with a tight stop at 35.20.
The fundamentals looks great with 4 consecutive quarters of big sales and earnings growth. Analysts also predict another 41% increase in EPS for 2023.
HAL - Price Action Analysis NYSE:HAL has made Bearish Cypher with PRZ level 0.786 at the price 26.10.
Price has already made confirmation in last day and RSI also indicated divergence.
BUY:
above 29.35 gives buy opportunity.
SELL:
Bellow 26 , Price creates further correction.
HAL - Halliburton CompanyHAL is breaking out of a 6 - week bottoming base with nice contraction in volatility prior to the breakout. Also important to note that it is reclaiming its 50-day line.
Short term target is the 50% retracement of its June decline.
$HAL Breakout - Target 51$$HAL Breakout in 4h Chart on above average volume after consolidation phase - Target 51$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
HAL about to break out from a stage 2 baseHAL is showing incredible strength, with a cluster of RS before new highs and even after a day of significant selling, price still held the short term uptrend that also forms the handle in this cup and handle pattern. Over $42.60 and this stock sees new ATHs with just over a month to go before earnings; HAL has done well on the last 4 earnings and in this current market this looks likely to happen again. Volume has been contracting during this accumulation phase, but this stock looks ready for a strong next leg up
Potential Cup and Handle Breakout$HAL showing a weak cup and handle (low volume on the lows of the cup, and an upward wedging on the lows with regard to the handle). Would've preferred a shakeout on the handle, but instead, we are getting a rising wedge and low volume at the pivot point. Tightening volume at the handle is good, but once it reaches the breakout point, either the breakout is rejected or it will be another breakout without legs, as is the case with a number of names recently
EPS growth is also not looking good, quarterly EPS has not shown significant growth when compared to the quarterly EPS of the previous years. Q4 2021 showed signs of earnings acceleration, but that quickly reversed in Q1 of 2022 (which coincides with the pullback that formed the early part of the base).
Personal Opinion: Breakout is still possible, but I'm not looking to enter a position.
