BAKER HUGHES A GE CO (BHGE) Stock Technical Analysis
NYSE:BHGE - New York Stock Exchange, Inc. -
Overall BHGE gets a technical rating of 0 out of 10. BHGE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BHGE is a bad performer in the overall market: 84% of all stocks are doing better.
BHGE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BHGE has an average volume of 7685190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BHGE has a been trading in the 21.27 - 24.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BHGE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
20.28
25.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.87 to 22.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.49 to 21.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.88 to 20.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @20.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.56 to 22.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.48 to 24.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.39 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BHGE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHGE is down. |
| ChartMill Relative Strength | 16.83 | NEGATIVE | BHGE has a low relative strength, it was outperformed by 83.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHGE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BHGE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.85 | NEUTRAL | The RSI value for BHGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BHGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.61 | NEUTRAL | The Stochastics value for BHGE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BHGE suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.08
+0.09 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.41%
1 Week1.28%
2 Weeks-2.69%
1 Month-4.87%
3 Month-6.28%
6 Month-13.75%
12 Month-26.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%3.06%
ATR Inc-20.36%
Range Today0.52
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.83
Mansfield-1.33
10 Day High22.8
10 Day Low21.27
20 Day High24.39
20 Day Low21.27
52 Week High30
52 Week Low20.09
CS1 End22.01
CR1 Start22.56
Volume & EV
DER(3)-1.15%
DER(5)-1.46%
Volume4.26M
Volume Incr-52.3%
Vol(5)4.31M
Vol(50)7.69M