HALO Technical Analysis - HALOZYME THERAPEUTICS INC

Technical Rating and Analysis

Overall HALO gets a technical rating of 7 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.

In the last month HALO has a been trading in the 63.78 - 79.50 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When comparing the yearly performance of all stocks, we notice that HALO is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, HALO also shows a nice and consistent pattern of rising prices.

HALO has an average volume of 2190220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

HALO is part of the Biotechnology industry. There are 537 other stocks in this industry, HALO did better than 62% of them.

HALO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HALO is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HALOZYME THERAPEUTICS INC / HALO Weekly stock chart

HALOZYME THERAPEUTICS INC / HALO Daily stock chart

Setup Rating and Analysis

Although HALO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.26

64.74

We found 3 important support areas.

A support zone ranging from 64.09 to 64.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @56.02 from a trend line in the weekly time frame.
Support @47.74 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 HALO is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HALO is down.
ChartMill Relative Strength	80.62	POSITIVE	HALO has a high relative strength, it outperformed 80.62% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HALO is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of HALO is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HALO is above the rising SMA(200).
Relative Strength Index/RSI (14)	25.68	OVERSOLD	The low RSI value suggests HALO may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.48	NEGATIVE	The MACD value suggests HALO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	3.98	OVERSOLD	The low Stochastics value suggests HALO may be oversold.
Average True Range in percent/ATR (20)	3.42	MEDIUM VOLATILITY	The ATR as a percentage value for HALO suggests some volalility.
Average Directional Index/ADX (14)	37.94	POSITIVE	The high ADX value value for HALO suggests a strong trend.