HALLIBURTON CO (HAL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:HAL • US4062161017
We assign a technical rating of 10 out of 10 to HAL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HAL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that HAL is one of the better performing stocks in the market, outperforming 87% of all stocks.
- HAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HAL is lagging the market slightly.
- HAL has an average volume of 12981400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HAL is an average performer in the Energy Equipment & Services industry, it outperforms 66% of 61 stocks in the same industry.
- In the last month HAL has a been trading in the 30.74 - 35.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, HAL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 33.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HAL in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.82 to 33.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.54 from a trend line in the daily time frame.
- Support @24.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.96 to 34.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HAL is up. |
| ChartMill Relative Strength | 87.19 | POSITIVE | HAL has a high relative strength, it outperformed 87.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.13 | NEUTRAL | The RSI value for HAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests HAL has a negative trend. |
| Stochastics (14,3) | 58.5 | NEUTRAL | The Stochastics value for HAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for HAL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.39 | POSITIVE | The high ADX value value for HAL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.36 | 32.81 | 1.55 (4.51%) | 22.17% |
| An entry @34.36. This is a Buy Stop order right above the resistance zone. | An exit @32.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.55 points, which is 4.51%. | When investing 22.17% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HAL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.84
-0.5 (-1.46%)
HALLIBURTON CO / HAL FAQ
Can you provide the ChartMill technical rating for HALLIBURTON CO?
ChartMill assigns a technical rating of 10 / 10 to HAL.
What is the current trend direction of HALLIBURTON CO (HAL) stock?
The current trend direction for HALLIBURTON CO (HAL) is Bullish.
Can you provide the RSI signal for HALLIBURTON CO?
HALLIBURTON CO (HAL) has an RSI value of 61.1334. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HALLIBURTON CO?
The MACD indicator for HALLIBURTON CO (HAL) has a value of -0.126777, indicating a bearish trend.
What is the buy/sell signal for HALLIBURTON CO (HAL) stock?
The buy/sell signal for HALLIBURTON CO (HAL) is buy as both the short term and long term trends are positive.