Move cursor over the icon to see details.
|It was a first positive week after 4 consecutive negative weeks for the Halliburton Co. (HAL). During the week, the HAL climbed 0.08 points, or 0.23%, and closed at 34.98 on Friday, November 09, 2018. HAL was trading at average weekly trading volume. |
HAL is a member of Basic Materials Sector. Basic Materials is the most oversold sector. HAL is a member of Oil & Gas Equipment/Svcs Industry. Oil & Gas Equipment/Svcs is the eighth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
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 (46.37) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HAL may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
Medium-term trend: [See HAL medium-term trend chart]
A medium-term downtrend had started on May 17, 2018 at 54.91 and reached 33.73 on October 26, 2018. HAL lost 21.18 points, or 38.57%, in 23 weeks. The price is now at the 5.90% retracement level.
Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access 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 October 9, 2018 at 42.57 and reached 33.73 on October 26, 2018. HAL lost 8.84 points, or 20.77%, in 17 days. The price is now at the 14.14% retracement level.
Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.