The Greedy Trader Weekly Analysis
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Halliburton Co.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :The price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was a first positive week for the Halliburton Co. (HAL). During the week, the HAL climbed 0.09 points, or 0.17%, and closed at 52.28 on Friday, May 11, 2018. Weekly volume was -12% below average.

HAL is a member of Basic Materials Sector. Basic Materials is the most overbought sector. 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 trend support level is at 43.01 and resistance is at 57.58. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern 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 Broadening Ascending Wedge chart pattern. The trend support level is at 45.67 and resistance is at 69.24. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See HAL short-term trend chart]
A short-term uptrend had started on March 19, 2018 at 44.21 and reached 53.71 on April 30, 2018. HAL gained -9.50 points, or -21.49%, in 42 days. The price is now at the 15.05% retracement level.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 3, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

The distance between the Bollinger Bands (4.44%) is close to one year low (5.45%). It is 65.20% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.26
Williams' Percentage Range (W%R) 25.00
Lane's Stochastic (%D-Slow) 53.03
Greed/Fear Indicator (GFI) 60.10
Moving Average Converg./Diverg. (MACD) 1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.23
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 85.05
Overbought
Greed/Fear Indicator (GFI) 68.22
Moving Average Converg./Diverg. (MACD) 1.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 57.58
Upper Bollinger Band 52.77
Weekly Stochastic Crossing 52.72
Daily Stochastic Crossing 52.38
Price 52.28
20 Day Moving Average 52.12
Parabolic System 50.83
Lower Bollinger Band 50.44
50 Day Moving Average 48.95
Monthly Trendline Support 45.67
Yearly Trendline Support 43.01
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Oil & Gas Equipment/Svcs 137
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.21
Low Date 03/19/2018
High 53.71
High Date 04/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.86
High Date 01/23/2018
Low 44.21
Low Date 03/19/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 69.24
Support 45.67
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 DownTrend
Status
Resistance
Support
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 Valid
Resistance 57.58
Support 43.01
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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