Halliburton's decline bites again
Halliburton drops 5.3% as sellers retake control and money flow turns more negative
Halliburton's decline bites again
Our view last week
Halliburton's bounce off the double bottom in the 33 area keeps going: this week the stock adds another 2.4%, pushing it 14.3% above its 200-week average. But money flow has turned negative just as price climbs, and on the last bar sellers stay slightly in charge. With earnings due this very week, caution still applies.
This week's summary
Halliburton's bounce off the double bottom in the 32 area has stalled: this week the stock gives back 5.3%, with sellers back to 72% of volume and money flow turning more negative. Our Halliburton technical analysis still reads bearish, even as the ADX starts losing bite: earnings are now behind it, but the risk isn't over.
IQS Phase
68
in tension
Signal Strength
38
decline starting to make lower lows
Sizing
REDUCED
Ranking
#72 / 141
US stocks
Trade P&L %
+4.49%
from signal to today
Rank position
ranks 72nd among the 141 sell signals for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
HAL belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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