The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 14
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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 line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 45.72
Daily :The price has fallen below the Parabolic SARLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was the negative week for the Halliburton Co. (HAL). During the week, the HAL gave back -0.13 points, or -0.29%, and closed at 44.93 on Friday, July 06, 2018. Weekly volume was -33% 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 price is near the trend support (45.72) line. The support is usually stronger when technical indicators are oversold. 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 support 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 Descending Triangle chart pattern. The downtrend support line (47.37) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 1, 2018. This is an indication that the medium-term trend is down. 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 43.94 on July 6, 2018. HAL lost 10.97 points, or 19.98%, in 50 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 37.33
Williams' Percentage Range (W%R) 95.80
Strong Oversold
Lane's Stochastic (%D-Slow) 19.52
Oversold
Greed/Fear Indicator (GFI) 20.37
Moving Average Converg./Diverg. (MACD) -1.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.43
Williams' Percentage Range (W%R) 98.10
Strong Oversold
Lane's Stochastic (%D-Slow) 12.62
Oversold
Greed/Fear Indicator (GFI) 18.74
Oversold
Moving Average Converg./Diverg. (MACD) 0.80
Trading Signals
Description Value Chart
50 Day Moving Average 49.45
Upper Bollinger Band 48.66
Quarterly Trendline Support 47.37
Parabolic System 46.75
20 Day Moving Average 46.04
Yearly Trendline Support 45.72
Price 44.93
Weekly Stochastic Crossing 44.84
Daily Stochastic Crossing 44.51
Lower Bollinger Band 43.82
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Oil & Gas Equipment/Svcs 19
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 54.91
High Date 05/17/2018
Low 43.94
Low Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.21
Low Date 03/19/2018
High 54.91
High Date 05/17/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.18
Low Date 08/18/2017
High 57.86
High Date 01/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 57.44
Support 47.37
High 58.78
High Date 01/26/2017
Low 38.18
Low Date 08/18/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Test Support
Resistance 57.44
Support 45.72
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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