We assign a technical rating of 9 out of 10 to HALO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HALO is showing a nice and steady performance.
HALO 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 support zone below the current price at 71.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HALO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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57.21
4 important support areas can be observed.
- A support zone ranging from 68.80 to 71.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.35 from a trend line in the daily time frame.
- A support zone ranging from 64.10 to 64.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | 87.72 | POSITIVE | HALO has a high relative strength, it outperformed 87.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HALO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HALO is above a declining 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) | 61.97 | NEUTRAL | The RSI value for HALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests HALO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.38 | OVERBOUGHT | The high Stochastics value suggests HALO may be overbought. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for HALO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.54 | POSITIVE | The high ADX value value for HALO 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 |
|---|---|---|---|
| 74.26 | 68.79 | 5.47 (7.37%) | 13.58% |
| An entry @74.26. This is a Buy Stop order right above the 10 day high. | An exit @68.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.47 points, which is 7.37%. | For a 1.00% total portfolio risk, you can invest 13.58% of your capital in this trade. |
- 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.
71.4
-1.26 (-1.73%)
HALOZYME THERAPEUTICS INC / HALO FAQ
Can you provide the ChartMill technical rating for HALOZYME THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 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 61.9721. 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 71.09 and a resistance level at 77.81. Check the full technical report for our detailed analysis of HALO support and resistance levels.