Halliburton: the decline stalls in week 4
Halliburton rebounds 4.3% off a double bottom as the sell signal loses steam
Halliburton: the decline stalls in week 4
Our view last week
Halliburton is in the third week of a sell signal, and this week the stock dropped 3.7%: the decline keeps making lower lows. Signal strength stands at 31 out of 100, the setup quality indicator at 83 out of 100 in tension/maturity, and the stock ranks 12th among the 137 US sell signals. Trading not recommended per our model.
This week's summary
Halliburton bounces 4.3% this week off a clean double bottom in the 33 area, and the sell signal — now in its fourth week — loses steam: a decline without fresh momentum, per the Signal Strength reading. The stock is still 11.8% above its 200-week average, with earnings due in two weeks. Trading not recommended per our model.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Jul 21
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IQS Phase
64
ordinary
Signal Strength
13
decline losing steam
Sizing
MINIMUM
Ranking
#71 / 137
US stocks sell signals
Trade P&L %
+1.55%
from signal to today
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