Sell signal, week 2 · US stocks
Halliburton falls 2.8% and loses its 100-week average as the decline gathers pace
Our view last week
The 50-week average turned Halliburton back again, and the stock closed the week down 2.6% after last week's 6.1% drop: a third straight decline. A new sell signal now kicks in on Halliburton stock, but with no fresh push: the price action shows sellers ahead and distribution, and price is working close to its lows. For swing trading, opening a short here is high-risk.
This week's summary
Halliburton lost 2.8%, its 4th straight weekly decline, and closed below its 100-week moving average after a new 30-day low. A week ago the sell signal had no fresh push; now the decline is starting to make lower lows and the price action still shows distribution. Halliburton stock, though, is working right above its 200-week average, in the 31 area: on our technical analysis, opening a short here is high-risk.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Oct 20
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IQS Phase
71
in tension
Signal Strength
42
decline starting to make lower lows
Sizing
REDUCED
Ranking
#58 / 175
US stocks sell signals
Trade P&L %
+2.78%
from signal to date, no stop loss
Halliburton (HAL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 58th among the 175 sell signals for US stocks in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
HAL belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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