Halliburton (HAL) reported their latest earnings figures this Tuesday morning. The report was mixed with a small EPS beat and a revenue miss. Let's check out the charts and indicators of HAL as they are forward looking.
In this daily bar chart HAL, below, I can see that prices have had a "problem" in the $42-$44 area. First time in April and then again in June and now in January. Is there a fundamental seller in that area? Prices are trading above the 50-day moving average line but the average line is cresting now. HAL is trading above the rising 200-day line.
The On-Balance-Volume (OBV) line shows a rise from late September with a minor peak in January.
The Moving Average Convergence Divergence (MACD) oscillator has made a lower high when compared to November and this creates a bearish divergence when compared to the price action where prices made a higher high. Bearish divergences are wake up calls that something different is going on.