BAKER HUGHES INC (BHI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHI - US0572241075
Taking everything into account, BHI scores 5 out of 10 in our technical rating. 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.
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
45.98
When analyzing the support we can see 4 important areas.
- 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.
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. |
NYSE:BHI (7/4/2017, 12:57:55 AM)
57.68
0 (0%)
BAKER HUGHES INC / BHI 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.
Can you provide the RSI signal for BAKER HUGHES INC?
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 BAKER HUGHES INC (BHI) stock?
The MACD indicator for BAKER HUGHES INC (BHI) has a value of 0.356674, indicating a bearish trend.
What is the short term momentum for BAKER HUGHES INC (BHI) stock?
The short term momentum for BAKER HUGHES INC (BHI) is neutral.