HAL Stock Analysis
💡 Quick Answer
Across 4 APEX technical signals, HAL is currently split between bullish and bearish readings — 0 bullish, 0 bearish as of 2026-06-11. Run a live analysis to see the current composite score.
HAL is a higher-beta energy services trade than SLB with ATR of 4-6%, more concentrated in U.S. shale activity.
Halliburton is the world's second-largest oilfield services company, behind SLB. Its two divisions are Completion and Production (well stimulation, cementing, artificial lift) and Drilling and Evaluation (drill bits, logging, directional drilling). Halliburton has a larger U.S. land (shale) market presence than SLB, making it more sensitive to Permian Basin and Eagle Ford drilling activity. The company is also expanding its digital oilfield software capabilities through iEnergy, its cloud-based drilling optimization platform.
Why Do Traders Watch HAL?
HAL is a higher-beta energy services trade than SLB with ATR of 4-6%, more concentrated in U.S. shale activity. Post-earnings moves of 5-8% are typical. When Permian Basin rig counts rise and completion activity accelerates, HAL outperforms SLB. When international drilling drives the cycle, SLB outperforms. HAL is more sensitive to WTI price at the $65-75/barrel range. The price threshold that determines whether U.S. shale operators maintain or cut completion activity.
Is HAL a Buy Right Now? Current Signal Readings
Halliburton's North American revenue (40%+ of total) is directly tied to the active U.S. rig count. Published weekly by Baker Hughes. When total U.S. rigs rise above 650 and Permian Basin rigs above 320, HAL's completion activity accelerates. Track the weekly Baker Hughes rig count report every Friday as the most real-time HAL fundamental indicator available.
Halliburton's U.S. completion revenue depends on E&P companies maintaining capital budgets, which typically require WTI above $65/barrel. When WTI sustains above $75 for 60+ days, U.S. operators expand completion programs and HAL's frac fleet utilization rises. A sequence that typically plays out 2-3 months after oil price stabilization.
HAL's RSI tracks oil price and rig count cycles closely. RSI below 35 during oil price corrections with WTI above $60. Where U.S. shale economics remain positive. Has been a reliable contrarian entry for traders with 3-6 month holding periods, as completion activity typically recovers within a quarter of oil price stabilization.
Halliburton's international business (60%+ of revenue) is growing at 10-15% annually from Middle East NOC drilling programs, Latin American deepwater, and Guyana development projects. International bookings growth provides earnings diversification beyond the U.S. shale cycle and has been the primary driver of HAL's margin improvement since 2022.
📋 HAL Key Stats for Traders
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