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Quarterly Pattern:Falling Channel
Number of records: 11
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Halliburton Co.
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SARBroken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Halliburton Co. (HAL). During the week, the HAL gained 1.47 points, or 3.63%, and closed at 42.00 on Friday, October 05, 2018. Weekly volume was -10% below average.

Long-term trend: [See HAL long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 27.64 and reached 58.78 on January 26, 2017. HAL gained -31.14 points, or -112.66%, in 53 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (45.71) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See HAL medium-term trend chart]
A medium-term uptrend had started on August 18, 2017 at 38.18 and reached 57.86 on January 23, 2018. HAL gained -19.68 points, or -51.55%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (50.03) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 1, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See HAL short-term trend chart]
A short-term downtrend had started on May 17, 2018 at 54.91 and reached 35.75 on September 7, 2018. HAL lost 19.16 points, or 34.89%, in 113 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (31.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HAL may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since September 13, 2018.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.23
Overbought Bearish
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 81.72
Overbought Bearish
Greed/Fear Indicator (GFI) 84.26
Overbought
Moving Average Converg./Diverg. (MACD) 0.20 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.91
Williams' Percentage Range (W%R) 68.90
Lane's Stochastic (%D-Slow) 45.68
Greed/Fear Indicator (GFI) 40.45
Moving Average Converg./Diverg. (MACD) -1.89
Trading Signals
Description Value Chart
Quarterly Trendline Support 50.03
Yearly Trendline Support 45.71
Upper Bollinger Band 43.76
Daily Stochastic Crossing 42.08
Price 42.00
Parabolic System 40.64
50 Day Moving Average 40.42
20 Day Moving Average 40.07
Weekly Stochastic Crossing 39.47
Lower Bollinger Band 37.54
Weekly Trendline Resistance 35.81
Monthly Trendline Support 34.34
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Oil & Gas Equipment/Svcs 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.75
Low Date 09/07/2018
High 42.45
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 35.81
Support 31.40
High 54.91
High Date 05/17/2018
Low 35.75
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 51.30
Support 34.34
High 57.86
High Date 01/23/2018
Low 35.75
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 51.30
Support 50.03
Low 38.18
Low Date 08/18/2017
High 57.86
High Date 01/23/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 57.20
Support 45.71
Low 27.64
Low Date 01/20/2016
High 58.78
High Date 01/26/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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