Halliburton Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Halliburton Company stock after losing 1.77%
(Updated on May 16, 2024)
The Halliburton Company stock price fell by -1.77% on the last day (Thursday, 16th May 2024) from 34.84€ to 34.23€. During the last trading day the stock fluctuated 3.19% from a day low at 33.38€ to a day high of 34.45€. The price has been going up and down for this period, and there has been a -0.18% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately 97.99€ thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 34.50€. A reaction back to this level may hold a second chance to get out before further falls.
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HAL.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 0.662%. Further rise is indicated until a new top pivot has been found. 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 34.64€ and 36.07€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Halliburton Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 34.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.07€ (3.19%) between high and low. For the last week, the stock has had daily average volatility of 1.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAL.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Halliburton Company to open at 34.02€, and during the day (based on 14 day Average True Range), to move between 33.66€ and 34.79€, which gives a possible trading interval of +/-0.569€ (+/-1.66%) up or down from last closing price. If Halliburton Company takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 34.00€ (0.66%) than the resistance at 34.68€ (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Halliburton Company stock A Buy?
The Halliburton Company stock holds several negative signals and despite the positive trend, we believe Halliburton Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.369 Sell Candidate Unchanged
Predicted Opening Price for Halliburton Company of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 34.02€ ( 0.609%) | 34.23€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAL.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.08 | 2.50 % | |
| R2 | 34.67 | 1.31 % | ||
| R1 | 34.42 | 0.580 % | ||
| Current price: | 34.23 | |||
| Support | S1 | 33.61 | -1.80 % | |
| S2 | 33.36 | -2.53 % | ||
| S3 | 32.95 | -3.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.49 | 6.62 % | |
| R2 | 36.28 | 6.00 % | ||
| R1 | 34.68 | 1.33 % | ||
| Current price | 34.23 | |||
| Support | S1 | 34.00 | -0.657% | |
| S2 | 32.52 | -4.98% | ||
| S3 | 32.48 | -5.10% |
HAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 27, 2024 | 0.156€ | 0% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | 0€ | 0% |
| 3 | Sep 05, 2023 | Sep 05, 2023 | Sep 05, 2023 | 0.160€ | 0% |
| 4 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | 0.160€ | 0% |
| 5 | Feb 28, 2023 | Feb 28, 2023 | Feb 28, 2023 | 0.160€ | 0% |
FAQ
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