The Greedy Trader Weekly Analysis
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Halliburton Co.
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Summary:
Weekly :Oversold sectorTrend resistance at 30.14
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Halliburton Co. (HAL). During the week, the HAL dropped -2.42 points, or -7.53%, and closed at 29.70 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -23% below average.

HAL is a member of Basic Materials Sector. Basic Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HAL long-term trend chart]
A long-term downtrend had started on January 23, 2018 at 57.86 and reached 24.70 on December 26, 2018. HAL lost 33.16 points, or 57.31%, in 48 weeks. The price is now at the 15.08% retracement level.

Medium-term trend: [See HAL medium-term trend chart]
A medium-term downtrend had started on May 17, 2018 at 54.91 and reached 24.70 on December 26, 2018. HAL lost 30.21 points, or 55.02%, in 31 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (30.14). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 18, 2019. Use the following link to access a MACD help.

Short-term trend: [See HAL short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 24.70 and reached 32.42 on February 1, 2019. HAL gained -7.72 points, or -31.26%, in 37 days. The chart has formed a Descending Triangle chart pattern.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.00
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 56.90
Greed/Fear Indicator (GFI) 39.46
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.78
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 66.26
Greed/Fear Indicator (GFI) 46.67
Moving Average Converg./Diverg. (MACD) -3.63
Trading Signals
Description Value Chart
Upper Bollinger Band 32.40
Parabolic System 32.26
20 Day Moving Average 31.22
Daily Stochastic Crossing 30.86
Weekly Stochastic Crossing 30.32
Weekly Trendline Resistance 30.14
50 Day Moving Average 29.87
Price 29.70
Lower Bollinger Band 29.40
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Oil & Gas Equipment/Svcs 40
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 24.70
Low Date 12/26/2018
High 32.42
High Date 02/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 30.14
Support 22.47
High 54.91
High Date 05/17/2018
Low 24.70
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.86
High Date 01/23/2018
Low 24.70
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.78
High Date 01/26/2017
Low 24.70
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.33
High Date 07/23/2014
Low 24.70
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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