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- 1 HAL’s stock price is currently trading at $39.40 with a drop of 0.33% in the last 24 hours.
- 2 Halliburton Company has a current market cap of $35.403 Billion.
HAL stock price is in a strong uptrend from the past months, trading over the top near the resistance mark of $41.03. However, the stock price took a pause and took support on 50 EMA presently. Moreover, buyers are trying to achieve glory by smashing over the hurdle. Recently, Halliburton Company stock has jumped more than 30.25% in the last 3 months. The price trading above significant moving averages signals bullishness.
The price action showed that Halliburton Company stock was crashing above the multiple tops showing the massive strength of bulls who continued to make long positions. According to TradingView technicals, the rating is on the buy side and the analyst rating is on the strong buy side. The one-year price target is 47.04.
At press time, HAL stock was trading at $39.40 with an intraday gain of 0.33% showing bullishness in the previous sessions. Moreover, the intraday trading volume was 6.632 Million and the market cap of HAL stock is $6.39 Billion.
The oscillators are currently indicating that the price is overbought. The investors are optimistic regarding the upcoming week’s performance.
On the 4-hour charts, Hal stock held the gains on the top and maintained an uptrend. The RSI curve is near 50 in the neutral zone and continues to favor bulls based on the buying noted on the charts.
The MACD indicator shows a bearish crossover and the red bars forming on the histogram indicate mild profit booking.
Technical Analysis of HAL Stock Price in 1-D Timeframe
Halliburton Company (NYSE: HAL) has steadily seen its stock price rise for the past three months, gaining 30.25% and 6.14% in the last month. Currently, Halliburton Company stock is trading at $39.40 and has been trying to hold on to this level after an unexpected price DROP.
If it can keep this level, the HAL price could continue to go up and reach the first and second targets of $41.77 and $42.83. However, if the Halliburton Company price cannot maintain this level and falls, then it might hit the closest support levels of $38.95 and $37.2.
Currently, HAL stock is trading above the 50 and 200-day EMAs (exponential moving averages) which are supporting the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs. Hence, the HAL price is expected to move upward giving bullish views over the daily time frame chart.
The current value of RSI is 58.98 points. The 14 SMA is above the median line at 66.65 points which indicates that the HAL stock is bullish.
The MACD line at 0.9682 and the signal line at 1.23 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the Halliburton Company stock price.
Summary
HAL stock price technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the Halliburton Company stock price. Price action suggests that the investors and traders are bullish on the 1-D time frame.
The HAL price action reflects a bullish perspective at the moment. HAL investors should avoid the fear of missing out. Scarcity is created in the stock market for gaining more investors and creditors. It is better to keep it at arm’s length as this may result in one of the emerging reasons for market volatility.
Technical Levels
- Support Levels: $38.95 and $37.2
- Resistance Levels: $41.77 and $42.83.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
