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|It was a second consecutive positive week for the Halliburton Co. (HAL). During the week, the HAL gained 0.93 points, or 2.16%, and closed at 43.99 on Friday, December 08, 2017. Weekly volume was 9% above 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 Rectangle chart pattern. The price is near the trend resistance line (43.90). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See HAL medium-term trend chart]
A medium-term downtrend had started on January 26, 2017 at 58.78 and reached 38.18 on August 18, 2017. HAL lost 20.60 points, or 35.05%, in 29 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 40.26 and resistance is at 45.34. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 15, 2017. The distance between MACD and the signal line is low, but getting bigger. 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 September 29, 2017 at 46.18 and reached 40.72 on November 28, 2017. HAL lost 5.46 points, or 11.82%, in 60 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 40.67 and resistance is at 45.69. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 30, 2017.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.