Halliburton Company Stock Forecast
Halliburton Company stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Halliburton Company stock price gained 0.86% on the last trading day (Friday, 17th May 2024), rising from 34.23€ to 34.52€. During the last trading day the stock fluctuated 0% from a day low at 34.52€ to a day high of 34.52€. The price has risen in 6 of the last 10 days and is up by 1.53% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 1 shares were bought and sold for approximately 34.52€ . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34.52€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.69% during the next 3 months and, with a 90% probability hold a price between 37.52€ and 42.94€ at the end of this 3-month period.
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HAL.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Halliburton Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 34.61€ and 36.04€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Halliburton Company stock
Halliburton Company finds support from accumulated volume at 34.23€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: 32.61€ (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (HAL.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Halliburton Company to open at 34.52€, and during the day (based on 14 day Average True Range), to move between 33.97€ and 35.07€, which gives a possible trading interval of +/-0.550€ (+/-1.59%) up or down from last closing price. If Halliburton Company takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.68€ (0.46%) than the support at 34.23€ (0.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Halliburton Company stock A Buy?
Halliburton Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.844 Hold/Accumulate Upgraded
Predicted Opening Price for Halliburton Company of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 34.52€ ( 0%) | 34.52€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAL.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.52 | . | |
| R2 | 34.52 | . | ||
| R1 | 34.52 | . | ||
| Current price: | 34.52 | |||
| Support | S1 | 34.52 | . | |
| S2 | 34.52 | . | ||
| S3 | 34.52 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.49 | 5.71 % | |
| R2 | 36.28 | 5.10 % | ||
| R1 | 34.68 | 0.463 % | ||
| Current price | 34.52 | |||
| Support | S1 | 34.23 | -0.85% | |
| S2 | 34.00 | -1.51% | ||
| S3 | 32.48 | -5.91% |
HAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 27, 2024 | 0.156€ | 0.436% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | 0€ | 0% |
| 3 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | 0.160€ | 0.549% |
| 4 | Feb 28, 2023 | Feb 28, 2023 | Feb 28, 2023 | 0.160€ | 0.467% |
| 5 | Nov 18, 2022 | Dec 07, 2022 | Dec 21, 2022 | 0.120€ | 0.330% |
FAQ
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