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- 4/19/2024 -
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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 -0.59 points, or -1.49%, and closed at 39.08 on Friday, April 19, 2024. Weekly volume was -21% below average.
HAL is a member of Energy Sector. Energy is the most overbought 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 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 trend support level is at 34.86 and resistance is at 43.66. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.
 Medium-term trend: [See HAL medium-term trend chart]
A medium-term uptrend had started on January 17, 2024 at 32.84 and reached 41.56 on April 8, 2024. HAL gained -8.72 points, or -26.55%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.09 and resistance is at 42.24. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HAL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since March 15, 2024. This is an indication that the medium-term trend is up. 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 February 13, 2024 at 33.79 and reached 41.56 on April 8, 2024. HAL gained -7.77 points, or -22.99%, in 55 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 38.01 and resistance is at 43.27. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See HAL daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 11, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
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.
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