HALLIBURTON CO (HAL) Stock Technical Analysis
NYSE:HAL • US4062161017
We assign a technical rating of 10 out of 10 to HAL. 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.
- 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 making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month HAL has a been trading in the 32.51 - 36.19 range, which is quite wide. It is currently trading near the high of this range.
- HAL has an average volume of 13153200 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 57% of 60 stocks in the same industry.
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 36.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.09, a Stop Loss order could be placed below this zone.
More info and screens
24.45
3 important support areas can be observed.
- A support zone ranging from 34.63 to 35.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.45 to 33.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.01 to 36.01. 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 | 87.99 | POSITIVE | HAL has a high relative strength, it outperformed 87.99% 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) | -0.01 | NEGATIVE | The MACD value suggests HAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.46 | OVERBOUGHT | The high Stochastics value suggests HAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for HAL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.1 | 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 |
|---|---|---|---|
| 36.02 | 34.62 | 1.40 (3.89%) | 25.00% |
| An entry @36.02. This is a Buy Stop order right above the resistance zone. | An exit @34.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.40 points, which is 3.89%. | For a 0.97% 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.
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+0.29 (+0.81%)
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 63.6004. 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 -0.00887288, 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.