We assign a technical rating of 8 out of 10 to HALO. HALO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although HALO has an excellent technical rating, it does not present a decent entry opportunity 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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58.47
3 important support areas can be observed.
- A support zone ranging from 66.89 to 67.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.87 to 63.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @71.81 from a trend line in the daily time frame.
- A resistance zone ranging from 77.81 to 78.28. 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 HALO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HALO is up. |
| ChartMill Relative Strength | 86.74 | POSITIVE | HALO has a high relative strength, it outperformed 86.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HALO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HALO is above 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) | 59.25 | NEUTRAL | The RSI value for HALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests HALO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.56 | OVERBOUGHT | The high Stochastics value suggests HALO may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for HALO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for HALO suggests a possible start of a new trend. |
68.95
+0.08 (+0.12%)
HALOZYME THERAPEUTICS INC / HALO FAQ
Can you provide the ChartMill technical rating for HALOZYME THERAPEUTICS INC?
ChartMill assigns a technical rating of 8 / 10 to HALO.
What is the trend direction for HALO stock?
The current trend direction for HALOZYME THERAPEUTICS INC (HALO) is Bullish.
Can you provide the RSI signal for HALOZYME THERAPEUTICS INC?
HALOZYME THERAPEUTICS INC (HALO) has an RSI value of 59.2475. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HALOZYME THERAPEUTICS INC?
The short term momentum for HALOZYME THERAPEUTICS INC (HALO) is positive.
Can you provide the support and resistance levels for HALOZYME THERAPEUTICS INC?
HALOZYME THERAPEUTICS INC (HALO) has a support level at 67.58 and a resistance level at 71.81. Check the full technical report for our detailed analysis of HALO support and resistance levels.