HALLIBURTON CO (HAL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HAL - US4062161017 - Common Stock
Overall HAL gets a technical rating of 8 out of 10. Although HAL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.19. Right above this resistance zone may be a good entry point.
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21.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.62 to 25.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.65 from a trend line in the weekly time frame.
- Support @23.22 from a trend line in the daily time frame.
- Support @21.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.19 to 28.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.12 from a horizontal line in the daily time frame.
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 | 69.69 | NEUTRAL | HAL is not amongst the best or worst performers 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) | 56.32 | NEUTRAL | The RSI value for HAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.81 | NEUTRAL | The Stochastics value for HAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for HAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for HAL suggests a weak or negative 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 |
|---|---|---|---|
| 28.63 | 26.78 | 1.86 (6.48%) | 15.43% |
| An entry @28.63. This is a Buy Stop order right above the resistance zone. | An exit @26.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.86 points, which is 6.48%. | For a 1.00% total portfolio risk, you can invest 15.43% of your capital in this trade. |
- 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.
28.15
+0.19 (+0.68%)
HALLIBURTON CO / HAL FAQ
Can you provide the ChartMill technical rating for HALLIBURTON CO?
ChartMill assigns a technical rating of 8 / 10 to HAL.
What is the trend direction for HAL stock?
The current trend direction for HALLIBURTON CO (HAL) is Bullish.
What is the RSI signal for HAL stock?
HALLIBURTON CO (HAL) has an RSI value of 56.3221. This indicates that the stock is currently neutral.
What is the MACD signal for HAL stock?
The MACD indicator for HALLIBURTON CO (HAL) has a value of -0.0745319, indicating a bearish trend.
What is the short term momentum for HAL stock?
The short term momentum for HALLIBURTON CO (HAL) is positive.