|
|
Industrial Gases Industry Stocks Technical Analysis - HALArchive
- 4/26/2024 -
Sign In to see current Signals. |
Halliburton Co. (HAL) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Halliburton Co. (HAL). During the week, the HAL dropped -0.54 points, or -1.38%, and closed at 38.54 on Friday, April 26, 2024. Weekly volume was -7% below average.
HAL is a member of Energy Sector. Energy 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 March 18, 2020 at 4.25 and reached 43.99 on June 8, 2022. HAL gained -39.74 points, or -935.06%, in 116 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 35.01 and resistance is at 43.66. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.
 Medium-term trend: [See HAL medium-term trend chart]
A medium-term uptrend had started on January 17, 2024 at 32.84 and reached 41.56 on April 8, 2024. HAL gained -8.72 points, or -26.55%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.34 and resistance is at 42.62. 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 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 March 15, 2024. This is an indication that the medium-term trend is up. 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 April 8, 2024 at 41.56 and reached 37.87 on April 17, 2024. HAL lost 3.69 points, or 8.88%, in 9 days. The price is now at the 18.16% retracement level.
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.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.
| |
|
|