HALLIBURTON COMPANY

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	HAL
ISIN:

HALLIBURTON COMPANY - Daily - Technical analysis published on 11/06/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

11%

22%

My opinion

Bullish above 28.81 USD

My targets

32.71 USD (+6.93%)

33.93 USD (+10.92%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for HALLIBURTON COMPANY as long as the price remains well above 28.81 USD. The buyers' bullish objective is set at 32.71 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.93 USD. If there is any crossing, the next objective would be the resistance located at 36.25 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 32.71 USD. On this resistance, against the trend traders who would like to go short on HALLIBURTON COMPANY with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HALLIBURTON COMPANY price is 30.59 USD. The price has increased by +7.22% since the last closing and was between 29.66 USD and 30.69 USD. This implies that the price is at +3.14% from its lowest and at -0.33% from its highest.

29.66

30.69

30.59

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of HALLIBURTON COMPANY in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.23	24.18	27.22	30.59	31.03	32.71	33.93
Change (%)	-33.87%	-20.95%	-11.02%	-	+1.44%	+6.93%	+10.92%
Change	-10.36	-6.41	-3.37	-	+0.44	+2.12	+3.34
Level	Minor	Major	Major	-	Minor	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.64	27.88	28.20	28.44	28.76	29.00	29.32
Camarilla	28.38	28.43	28.48	28.53	28.58	28.63	28.68
Woodie	27.69	27.90	28.25	28.46	28.81	29.02	29.37
Fibonacci	27.88	28.09	28.22	28.44	28.65	28.78	29.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.37	26.81	27.25	27.69	28.13	28.57	29.01
Camarilla	27.44	27.52	27.60	27.68	27.76	27.84	27.92
Woodie	26.36	26.81	27.24	27.69	28.12	28.57	29.00
Fibonacci	26.81	27.15	27.36	27.69	28.03	28.24	28.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.03	24.65	26.19	28.81	30.35	32.97	34.51
Camarilla	26.60	26.98	27.36	27.74	28.12	28.50	28.88
Woodie	21.50	24.38	25.66	28.54	29.82	32.70	33.98
Fibonacci	24.65	26.24	27.22	28.81	30.40	31.38	32.97

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.44
MACD (12,26,9):	-0.2500
Directional Movement:	11.32
AROON (14):	50.00
DEMA (21):	28.29
Parabolic SAR (0,02-0,02-0,2):	27.29
Elder Ray (13):	1.58
Super Trend (3,10):	27.81
Zig ZAG (10):	30.61
VORTEX (21):	0.8900
Stochastique (14,3,5):	70.27
TEMA (21):	28.40
Williams %R (14):	-1.30
Chande Momentum Oscillator (20):	2.36
Repulse (5,40,3):	3.8600
ROCnROLL:	1
TRIX (15,9):	-0.2100
Courbe Coppock:	6.42

MA7:	28.27
MA20:	28.70
MA50:	29.16
MA100:	30.99
MAexp7:	28.71
MAexp20:	28.69
MAexp50:	29.46
MAexp100:	30.84
Price / MA7:	+8.21%
Price / MA20:	+6.59%
Price / MA50:	+4.90%
Price / MA100:	-1.29%
Price / MAexp7:	+6.55%
Price / MAexp20:	+6.62%
Price / MAexp50:	+3.84%
Price / MAexp100:	-0.81%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on HALLIBURTON COMPANY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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