Trading (HAL) With Integrated Risk Controls
February 27, 2024, 15:16 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HAL
- Buy HAL slightly over 34.43 target 38.53 stop loss @ 34.33 Details
The technical summary data tells us to buy HAL near 34.43 with an upside target of 38.53. This data also tells us to set a stop loss @ 34.33 to protect against excessive loss in case the stock begins to move against the trade. 34.43 is the first level of support below 34.8712 , and by rule, any test of support is a buy signal. In this case, support 34.43 would be being tested, so a buy signal would exist.
- Short HAL slightly under 38.53, target 34.43, stop loss @ 38.64 Details
The technical summary data is suggesting a short of HAL as it gets near 38.53 with a downside target of 34.43. We should have a stop loss in place at 38.64though. 38.53 is the first level of resistance above 34.8712, and by rule, any test of resistance is a short signal. In this case, if resistance 38.53 is being tested, so a short signal would exist.
Swing Trading Plans for HAL
- Buy HAL slightly over 35.69, target 38.53, Stop Loss @ 35.59 Details
If 35.69 begins to break higher, the technical summary data tells us to buy HAL just slightly over 35.69, with an upside target of 38.53. The data also tells us to set a stop loss @ 35.59 in case the stock turns against the trade. 35.69 is the first level of resistance above 34.8712, and by rule, any break above resistance is a buy signal. In this case, 35.69, 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 35.69, target 34.79, Stop Loss @ 35.79. Details
The technical summary data is suggesting a short of HAL if it tests 35.69 with a downside target of 34.79. We should have a stop loss in place at 35.79 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, 35.69, 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 35.19, target 35.69, Stop Loss @ 35.11 Details
If 35.19 begins to break higher, the technical summary data tells us to buy HAL just slightly over 35.19, with an upside target of 35.69. The data also tells us to set a stop loss @ 35.11 in case the stock turns against the trade. 35.19 is the first level of resistance above 34.8712, and by rule, any break above resistance is a buy signal. In this case, 35.19, 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 35.19, target 34.79, Stop Loss @ 35.27. Details
The technical summary data is suggesting a short of HAL if it tests 35.19 with a downside target of 34.79. We should have a stop loss in place at 35.27 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, 35.19, 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 Company (HAL) available here: HAL.
HAL Ratings for February 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
34.43 |
| P2 |
34.78 |
34.79 |
38.53 |
| P3 |
35.19 |
35.69 |
42.68 |
AI Generated Signals for HAL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HAL:
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