The Greedy Trader Weekly Analysis
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Halliburton Co.
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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Halliburton Co. (HAL). During the week, the HAL gained 1.48 points, or 3.56%, and closed at 43.06 on Friday, December 01, 2017. Weekly volume was 24% 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 trend support level is at 39.48 and resistance is at 43.93. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern 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 Broadening Descending Wedge chart pattern. The trend support level is at 33.05 and resistance is at 45.35. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 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 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 40.72 and resistance is at 45.74. 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 short-term trend.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 39.05
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 43.73
Greed/Fear Indicator (GFI) 34.95
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.59
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 40.44
Greed/Fear Indicator (GFI) 46.61
Moving Average Converg./Diverg. (MACD) -0.96
Trading Signals
Description Value Chart
Monthly Trendline Resistance 45.77
Weekly Trendline Resistance 45.74
Upper Bollinger Band 45.41
Quarterly Trendline Resistance 45.35
Yearly Trendline Resistance 43.93
50 Day Moving Average 43.51
Price 43.06
20 Day Moving Average 42.72
Weekly Stochastic Crossing 42.62
Monthly Trendline Support 42.41
Daily Stochastic Crossing 42.24
Weekly Trendline Support 40.72
Parabolic System 40.68
Yearly Trendline Support 39.48
Lower Bollinger Band 39.23
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Oil & Gas Equipment/Svcs 41
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 45.93
High Date 11/07/2017
Low 40.72
Low Date 11/28/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 45.74
Support 40.72
High 46.18
High Date 09/29/2017
Low 40.72
Low Date 11/28/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 45.77
Support 42.41
Low 38.18
Low Date 08/18/2017
High 46.18
High Date 09/29/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 45.35
Support 33.05
High 58.78
High Date 01/26/2017
Low 38.18
Low Date 08/18/2017
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 43.93
Support 39.48
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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