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- 9/13/2024 -
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Halliburton Co. (HAL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Halliburton Co. (HAL). During the week, the HAL dropped -0.72 points, or -2.52%, and closed at 27.87 on Friday, September 13, 2024. Weekly volume was 41% above average.
HAL is a member of Energy Sector. Energy is the most oversold sector. HAL is a member of Oil & Gas Equipment & Services Industry. Oil & Gas Equipment & Services is the fourth most oversold industry. 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 March 18, 2020 at 4.25 and reached 43.99 on June 8, 2022. HAL gained -39.74 points, or -935.06%, in 116 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (37.86) 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 long-term trend.
 Medium-term trend: [See HAL medium-term trend chart]
A medium-term downtrend had started on April 8, 2024 at 41.56 and reached 27.53 on September 11, 2024. HAL lost 14.03 points, or 33.76%, in 22 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 17, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 July 18, 2024 at 37.08 and reached 27.53 on September 11, 2024. HAL lost 9.55 points, or 25.76%, in 55 days. Price is near the trend low.
 Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since September 3, 2024. This is an indication that the short-term trend is down.
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