BAKER HUGHES INC (BHI) Technical Analysis
NYSE:BHI • US0572241075
Current stock price
BHI Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to BHI. Although BHI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that BHI is one of the better performing stocks in the market, outperforming 75% of all stocks. We also observe that the gains produced by BHI over the past year are nicely spread over this period.
- In the last month BHI has a been trading in the 53.21 - 57.73 range, which is quite wide. It is currently trading near the high of this range.
- BHI has an average volume of 3085360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- BHI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHI is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BHI Weekly and Daily overview Charts
BHI Setup Rating and Analysis
BHI has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BHI Support and Resistance Analysis
45.98
4 important support areas can be observed.
- A support zone ranging from 56.74 to 57.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.36 to 55.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.59 from a trend line in the weekly time frame.
- Support @46.44 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @57.69 from a horizontal line in the daily time frame.
- Resistance @59.57 from a trend line in the daily time frame.
- A resistance zone ranging from 61.29 to 61.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
BHI Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for BHI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHI is neutral. |
| ChartMill Relative Strength | 75.29 | POSITIVE | BHI has a high relative strength, it outperformed 75.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BHI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BHI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.81 | NEUTRAL | The RSI value for BHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BHI has a positive trend. |
| Stochastics (14,3) | 75.96 | NEUTRAL | The Stochastics value for BHI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BHI suggests some volalility. |
BHI Chart- and CandleStick Pattern Analysis
BHI Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:BHI (7/4/2017, 12:57:55 AM)
57.68
0 (0%)
BAKER HUGHES INC / BHI TA FAQ
Can you provide the ChartMill technical rating for BAKER HUGHES INC?
ChartMill assigns a technical rating of 5 / 10 to BHI.
Can you provide the trend direction for BAKER HUGHES INC?
The current trend direction for BAKER HUGHES INC (BHI) is Bearish.
What is the RSI signal for BAKER HUGHES INC (BHI) stock?
BAKER HUGHES INC (BHI) has an RSI value of 60.8136. This indicates that the stock is currently neutral.
What is the MACD signal for BHI stock?
The MACD indicator for BAKER HUGHES INC (BHI) has a value of 0.356674, indicating a bearish trend.
What are the support and resistance levels for BAKER HUGHES INC (BHI) stock?
BAKER HUGHES INC (BHI) has a support level at 57.13 and a resistance level at 57.69. Check the full technical report for our detailed analysis of BHI support and resistance levels.