HAL ends the day on a bullish note closing near the high of the day
HAL ended the week -0.26% lower at 41.94 after gaining $0.43 (1.04%) today. Trading up to $0.30 lower after the open, Halliburton Co. managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $0.75 (1.81%), that's slightly below last trading month's daily average range of $0.91. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.
After moving lower in the previous session, the stock managed to close higher but below the prior day's open, forming a bullish Harami Candle.
Though the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.
Buying might accelerate should prices move above the close-by swing high at 42.47 where further buy stops could get triggered.
Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.
Market Conditions for Halliburton Co.
|Close to S1 Support||TQ Pro Members Only|
|Bearish Spinning Top||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Bearish Intraday Reversal||TQ Pro Members Only|
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