HALLIBURTON CO (HAL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:HAL • US4062161017
Taking everything into account, HAL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, HAL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, HAL did better than 86% of all other 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.
- In the last month HAL has a been trading in the 28.21 - 35.55 range, which is quite wide. It is currently trading near the high of this range.
- HAL has an average volume of 12697600 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 68% of 61 stocks in the same industry.
HAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 33.51, a Stop Loss order could be placed below this zone.
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23.94
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.35 to 33.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.03 from a trend line in the daily time frame.
- A support zone ranging from 29.53 to 29.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.18 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 34.27. 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 | 86.66 | POSITIVE | HAL has a high relative strength, it outperformed 86.66% 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) | 63.6 | NEUTRAL | The RSI value for HAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HAL has a negative trend. |
| Stochastics (14,3) | 50.88 | NEUTRAL | The Stochastics value for HAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for HAL suggests some volalility. |
| Average Directional Index/ADX (14) | 35.7 | 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 |
|---|---|---|---|
| 34.28 | 33.34 | 0.94 (2.74%) | 25.00% |
| An entry @34.28. This is a Buy Stop order right above the resistance zone. | An exit @33.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.94 points, which is 2.74%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
33.52
+0.13 (+0.39%)
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 63.6047. 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 -0.0775362, 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.