HALOZYME THERAPEUTICS INC (HALO) Stock Technical Analysis
USA - NASDAQ:HALO - US40637H1095 - Common Stock
77.81 USD
+1.13 (+1.47%)
77.81 USD
0 (0%)
Taking everything into account, HALO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, HALO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
HALO is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 541 stocks in the same industry.
A new 52 week high is currently being made by HALO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month HALO has a been trading in the 70.32 - 77.95 range, which is quite wide. It is currently trading near the high of this range.
HALO has an average volume of 1875780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HALO is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
HALO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 76.46, 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.
More info and screens
46.37
78.60
4 important support areas can be observed.
- A support zone ranging from 74.86 to 76.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @59.58 from a trend line in the daily time frame.
- Support @55.26 from a trend line in the weekly time frame.
- Support @46.84 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 77.82 to 77.82. 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 | 87.89 | POSITIVE | HALO has a high relative strength, it outperformed 87.89% 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) | 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) | 75.78 | OVERBOUGHT | The high RSI value suggests HALO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests HALO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.51 | OVERBOUGHT | The high Stochastics value suggests HALO may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for HALO suggests some volalility. |
| Average Directional Index/ADX (14) | 55.78 | POSITIVE | The high ADX value value for HALO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 77.83 | 74.85 | 2.98 (3.83%) | 25.00% |
| An entry @77.83. This is a Buy Stop order right above the resistance zone. | An exit @74.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.98 points, which is 3.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- 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.
77.81
+1.13 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.47%
1 Week1.18%
2 Weeks3.84%
1 Month8.66%
3 Month47.34%
6 Month19.41%
12 Month31.35%
2 Year103.69%
3 Year96.79%
5 Year196.08%
10 Year479.38%
15 Year909.21%
Volatility
ATR(14)1.83
ATR(20)%2.13%
ATR Inc0.6%
Range Today1.78
ADR(20)1.63
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.89
Mansfield2.06
10 Day High77.95
10 Day Low74.22
20 Day High77.95
20 Day Low70.32
52 Week High77.95
52 Week Low42.01
CS1 End76.46
CR1 Start77.82
Volume & EV
DER(3)3.08%
DER(5)2.19%
Volume6.25M
Volume Incr18.85%
Vol(5)2.36M
Vol(50)1.88M