The Greedy Trader Weekly Analysis
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Halliburton Co.
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldRelative Strength Index and Lane's Stochastic bullish divergenceBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was the negative week for the Halliburton Co. (HAL). During the week, the HAL gave back -0.24 points, or -0.68%, and closed at 34.90 on Friday, November 02, 2018. Weekly volume was 16% above average.

HAL is a member of Basic Materials Sector. Basic Materials is the second 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 uptrend had started on January 20, 2016 at 27.64 and reached 58.78 on January 26, 2017. HAL gained -31.14 points, or -112.66%, in 53 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (46.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HAL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See HAL medium-term trend chart]
A medium-term uptrend had started on August 18, 2017 at 38.18 and reached 57.86 on January 23, 2018. HAL gained -19.68 points, or -51.55%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (50.86) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HAL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 1, 2018. Use the following link to access a MACD help.

Short-term trend: [See HAL short-term trend chart]
A short-term downtrend had started on October 9, 2018 at 42.57 and reached 33.73 on October 26, 2018. HAL lost 8.84 points, or 20.77%, in 17 days. The price is now at the 13.24% retracement level.

Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since October 10, 2018. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands is 126.55% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.78
Williams' Percentage Range (W%R) 85.60
Oversold
Lane's Stochastic (%D-Slow) 26.68
Greed/Fear Indicator (GFI) 21.28
Moving Average Converg./Diverg. (MACD) -1.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.61
Bullish
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 46.06
Bullish
Greed/Fear Indicator (GFI) 31.03
Moving Average Converg./Diverg. (MACD) -2.11 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 42.24
50 Day Moving Average 38.88
20 Day Moving Average 37.45
Weekly Stochastic Crossing 36.89
Price 34.90
Daily Stochastic Crossing 34.42
Parabolic System 33.70
Lower Bollinger Band 31.51
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Oil & Gas Equipment/Svcs 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.57
High Date 10/09/2018
Low 33.73
Low Date 10/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.91
High Date 05/17/2018
Low 33.73
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.86
High Date 01/23/2018
Low 33.73
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 50.56
Support 50.86
Low 38.18
Low Date 08/18/2017
High 57.86
High Date 01/23/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 57.13
Support 46.24
Low 27.64
Low Date 01/20/2016
High 58.78
High Date 01/26/2017
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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