The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Halliburton Co.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance lineBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageBearish Three Black Crows CandlestickRelative Strength Index and Lane's Stochastic are oversoldBroken trend support lineThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Halliburton Co. (HAL). During the week, the HAL dropped -5.49 points, or -10.52%, and closed at 46.70 on Friday, February 09, 2018. Weekly volume was 49% 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 uptrend resistance line (39.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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 Pennant chart pattern. The downtrend resistance line (42.53) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

The weekly MACD line is above its signal line since September 15, 2017. 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 November 28, 2017 at 40.72 and reached 57.86 on January 23, 2018. HAL gained -17.14 points, or -42.09%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (56.00) 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 short-term trend.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since January 26, 2018. The distance between MACD and the signal line is near its high and getting bigger.

The distance between the Bollinger Bands (23.3%) is close to one year high (20.70%). It indicates the period of high volatility of the stock price, and it is considered a sell 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Candlestick pattern: [See HAL candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.80
Oversold
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 12.83
Oversold
Greed/Fear Indicator (GFI) 16.44
Oversold
Moving Average Converg./Diverg. (MACD) 0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.30
Williams' Percentage Range (W%R) 59.00
Lane's Stochastic (%D-Slow) 79.84
Greed/Fear Indicator (GFI) 57.94
Moving Average Converg./Diverg. (MACD) 1.12
Trading Signals
Description Value Chart
Upper Bollinger Band 56.82
Weekly Trendline Support 56.00
Weekly Stochastic Crossing 54.47
Parabolic System 53.09
20 Day Moving Average 52.83
50 Day Moving Average 49.38
Price 46.70
Daily Stochastic Crossing 46.52
Lower Bollinger Band 45.93
Yearly Trendline Resistance 45.52
Quarterly Trendline Support 42.53
Yearly Trendline Support 39.77
Quarterly Trendline Resistance 39.47
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Oil & Gas Equipment/Svcs 109
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.86
High Date 01/23/2018
Low 45.10
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 63.04
Support 56.00
Low 40.72
Low Date 11/28/2017
High 57.86
High Date 01/23/2018
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 Falling Pennant
Status Broken Resistance
Resistance 39.47
Support 42.53
High 58.78
High Date 01/26/2017
Low 38.18
Low Date 08/18/2017
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 45.52
Support 39.77
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.

Copyright© 2004-2016 All rights reserved.