Global Accountancy Institute Weekly Trades Analysis for Halliburton Company (HAL)
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment.
It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger and sand control systems, and service tools; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, pumping services, and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
In addition, this segment offers electrical submersible pumps, as well as artificial lift services. The company’s Drilling and Evaluation segment provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; and drilling systems and services. It also offers wireline and perforating services, including open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. In addition, this segment provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas. (Source: Yahoo Finance)
Our Global Algorithmic Trading Software (GATS) #5 indicates the following for Halliburton Company (HAL)
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bearish
The Short Term Trend (STT) is currently Bullish
The Micro Trend (MT) is currently Bullish
We are bullish on Halliburton Company (HAL) in the short, medium and long term. Hence we will attempt a bullish trade based on the current short-term, medium-term and long-term bullish signal with potential trade entry signal as follows:
Global Potential Trade Entry Signal #1 : $22.00
Global Minimum Catastrophe Hard Stop Loss GAP: $4
Global Maximum Catastrophe Hard Stop Loss GAP: $7.58
Global Minimum Catastrophe Trailing Stop: $18
Global Maximum Catastrophe Trailing Stop: $14.42
Global Minimum Profit Target: $62.00
Global Maximum Profit Target: $97.80
Global Accountancy Institute use machine-learning, applied mathematics, and techniques from modern statistics to develop and refine models of the financial markets and to develop trading algorithms based on those models.
RISK WARNING!
There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Accountancy Institute,Inc. or Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.