Halliburton Company (HAL)
Halliburton Company is an American multinational corporation. One of the world's largest oil field service companies, it has operations in more than 70 countries.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.62% per annum.
- HAL price at the close of April 1, 2025 was $25.55 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.16% per annum.
- HAL price at the close of April 1, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of HAL price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: July 31, 2023
End date: April 1, 2025
a = 4.6092
b = -0.0007
s = 0.0611
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0611) – 1
= 27.70%
July 31, 2023 calculations
Top border of price channel:
Exp(Y836)
= Exp(a + b × X836 + 2 × s)
= Exp(a + b × 1,215 + 2 × s)
= Exp(4.6092 + -0.0007 × 1,215 + 2 × 0.0611)
= Exp(3.8346)
= $46.27
Bottom border of price channel:
Exp(Y836)
= Exp(a + b × X836 – 2 × s)
= Exp(a + b × 1,215 – 2 × s)
= Exp(4.6092 + -0.0007 × 1,215 – 2 × 0.0611)
= Exp(3.5901)
= $36.24
April 1, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.6092 + -0.0007 × 1,825 + 2 × 0.0611)
= Exp(3.3843)
= $29.50
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.6092 + -0.0007 × 1,825 – 2 × 0.0611)
= Exp(3.1398)
= $23.10
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.62% per annum.
- HAL price at the close of April 1, 2025 was $25.55 and was inside the primary price channel.
Secondary Trend
Start date: March 14, 2024
End date: April 1, 2025
a = 5.2904
b = -0.0011
s = 0.0464
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -34.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0464) – 1
= 20.37%
March 14, 2024 calculations
Top border of price channel:
Exp(Y993)
= Exp(a + b × X993 + 2 × s)
= Exp(a + b × 1,442 + 2 × s)
= Exp(5.2904 + -0.0011 × 1,442 + 2 × 0.0464)
= Exp(3.7317)
= $41.75
Bottom border of price channel:
Exp(Y993)
= Exp(a + b × X993 – 2 × s)
= Exp(a + b × 1,442 – 2 × s)
= Exp(5.2904 + -0.0011 × 1,442 – 2 × 0.0464)
= Exp(3.5463)
= $34.69
April 1, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.2904 + -0.0011 × 1,825 + 2 × 0.0464)
= Exp(3.2931)
= $26.93
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.2904 + -0.0011 × 1,825 – 2 × 0.0464)
= Exp(3.1077)
= $22.37
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.16% per annum.
- HAL price at the close of April 1, 2025 was inside the secondary price channel.