How the price action of Halliburton (HAL) is used to our Advantage
January 25, 2023, 00:00 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HAL
- Buy HAL slightly over 34.76 target 42.08 stop loss @ 34.66 Details
The technical summary data tells us to buy HAL near 34.76 with an upside target of 42.08. This data also tells us to set a stop loss @ 34.66 to protect against excessive loss in case the stock begins to move against the trade. 34.76 is the first level of support below 39.84 , and by rule, any test of support is a buy signal. In this case, support 34.76 is being tested, a buy signal would exist.
- Short HAL slightly under 42.08, target 34.76, stop loss @ 42.2 Details
The technical summary data is suggesting a short of HAL as it gets near 42.08 with a downside target of 34.76. We should have a stop loss in place at 42.2though. 42.08 is the first level of resistance above 39.84, and by rule, any test of resistance is a short signal. In this case, if resistance 42.08 is being tested, a short signal would exist.
Swing Trading Plans for HAL
- Buy HAL slightly over 40.27, target 42.08, Stop Loss @ 40.15 Details
If 40.27 begins to break higher, the technical summary data tells us to buy HAL just slightly over 40.27, with an upside target of 42.08. The data also tells us to set a stop loss @ 40.15 in case the stock turns against the trade. 40.27 is the first level of resistance above 39.84, and by rule, any break above resistance is a buy signal. In this case, 40.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HAL slightly near 40.27, target 34.76, Stop Loss @ 40.39. Details
The technical summary data is suggesting a short of HAL if it tests 40.27 with a downside target of 34.76. We should have a stop loss in place at 40.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HAL
- Buy HAL slightly over 40.36, target 42.08, Stop Loss @ 40.27 Details
If 40.36 begins to break higher, the technical summary data tells us to buy HAL just slightly over 40.36, with an upside target of 42.08. The data also tells us to set a stop loss @ 40.27 in case the stock turns against the trade. 40.36 is the first level of resistance above 39.84, and by rule, any break above resistance is a buy signal. In this case, 40.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HAL slightly near 40.36, target 38.98, Stop Loss @ 40.45. Details
The technical summary data is suggesting a short of HAL if it tests 40.36 with a downside target of 38.98. We should have a stop loss in place at 40.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Halliburton (HAL) available here: HAL.
HAL Ratings for January 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
27.94 |
| P2 |
38.98 |
40.27 |
34.76 |
| P3 |
40.36 |
43.10 |
42.08 |
AI Generated Signals for HAL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Halliburton (NYSE: HAL) data table below can help you with price action, and we have more details too. Trading plans for HAL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HAL:
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