HALOZYME THERAPEUTICS INC (HALO)       52.51  -0.14 (-0.27%)

52.51  -0.14 (-0.27%)

US40637H1095 - Common Stock

Technical Rating

6

Overall HALO gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, HALO did better than 94% of all other stocks. On top of that, HALO also shows a nice and consistent pattern of rising prices.
HALO is part of the Biotechnology industry. There are 641 other stocks in this industry. HALO outperforms 86% of them.
HALO is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so HALO slightly outperforms the market at the moment.
In the last month HALO has a been trading in the 48.97 - 56.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HALO has an average volume of 1256300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months -2.91% 13.01% 16.66% 56.23% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 94.56 31.9955 - 59.46
HALO Weekly chart
HALO Daily chart

Support/Resistance Analysis


38.85

60.04
We found 5 important support areas.
  • A support zone ranging from 51.42 to 52.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 50.33 to 50.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @42.32 from a trend line in the weekly time frame.
  • Support @40.03 from a trend line in the daily time frame.
  • Support @39.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
  • Resistance @53.16 from a trend line in the daily time frame.
  • A resistance zone ranging from 59.45 to 59.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

HALO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 52.42, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
53.1751.411.76 (3.31%)25.00%
An entry @53.17. This is a Buy Stop order right above the resistance zone.An exit @51.41. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.76 points, which is 3.31%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%.

  • The distance between exit and entry is rather small compared to the average daily movement of HALO. 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.
HALO Daily chart

HALOZYME THERAPEUTICS INC52.51

NASDAQ:HALO (2/6/2023, 12:23:49 PM)-0.14 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today -0.27% 1 Week 3.83%
2 Weeks 2.31% 1 Month -2.91%
3 Month 13.01% 6 Month 16.66%

Volatility
ATR(14) 1.52 ATR(20)% 3.34%
ATR Inc 13.66% Range Today 0.69

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 94.56 Mansfield 1.26
10 Day High 53.54 10 Day Low 49.63
20 Day High 56.49 20 Day Low 48.97
52 Week High 59.46 52 Week Low 32
CS1 End 52.42 CR1 Start 53.16

Volume & EV
DER(3) -0.64% DER(5) 1.36%
Volume 231.75K Volume Incr -32.7%
Vol(5) 938.14K Vol(50) 1.26M

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