Score 7.5 (out of 10): HALLIBURTON CO sets up for +11.4% rally in 1 month

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What’s Going On Here?

HALLIBURTON will likely continue to return more cash to shareholders this year, according to analysts covering the shares. The market could be underestimating the company’s restrained spending and its free cash flow generation.

Why Now?

HALLIBURTON CO has triggered a new price range signal. During similar occasions, HALLIBURTON CO shares had a median return of +11.4%, over the following 1 month – based on 10 historical occasions with 6 of those showing positive returns (60%). This buy signal for HALLIBURTON CO received a high score of 7.5 (out of 10). This insight was generated on 2022-January-4 with last price of 25.43.

What’s This Company About?

HALLIBURTON CO is in the Oil-Field Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 15.8% more (average). Ticker symbol: HAL US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 28.32 (+11.4%) has been reached. Based on HALLIBURTON CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 23.23 (last price at 25.43), which is equivalent to a -8.7% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

24.6% (September-2021), 35.7% (November-2020), 24.5% (April-2020), -0.7% (June-2019), -7.3% (April-2019), -2.2% (January- 2019), 12.2% (March-2018), 16.2% (December-2017), -9.2% (May-2017), 10.5% (February- 2016).

Historical Chart:

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Summary:

NameHALLIBURTON CO
ViewUp
Star (1 to 10)7.5
Target+11.4%
Time1 month
Hit Rate60%

Popular Insights:

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