$HAL Halliburton Company Stock Robo Analyst October 25 2020 #HAL
Halliburton Company (HAL) “On a long-term technical basis, the stock (HAL) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 13.31 and 11.71. If the stock breaks down through support at 13.31 then it will probably continue lower to 11.71. The stock has resistance at 13.74 and at 16.45. If the stock breaks up through resistance at 13.74 then it will probably continue higher to 16.45. The 200-day moving average is at 13.74. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 13.31 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (78.52).”