BAKER HUGHES CO (BKR) Stock Technical Analysis
USA - NASDAQ:BKR - US05722G1004 - Common Stock
We assign a technical rating of 6 out of 10 to BKR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BKR is only an average performer.
BKR has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 47.66, a Stop Loss order could be placed below this zone.
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38.77
We found 3 important support areas.
- A support zone ranging from 45.97 to 47.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.79 to 45.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.16 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @47.88 from a trend line in the daily time frame.
- Resistance @48.89 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 | UP | POSITIVE | The long term trend for BKR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BKR is neutral. |
| ChartMill Relative Strength | 74.55 | POSITIVE | BKR has a high relative strength, it outperformed 74.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.06 | NEUTRAL | The RSI value for BKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BKR has a positive trend. |
| Stochastics (14,3) | 43.49 | NEUTRAL | The Stochastics value for BKR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for BKR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for BKR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.89 | 45.96 | 1.93 (4.03%) | 24.81% |
| An entry @47.89. This is a Buy Stop order right above the resistance zone. | An exit @45.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.93 points, which is 4.03%. | For a 1.00% total portfolio risk, you can invest 24.81% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BKR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.87
+0.58 (+1.23%)
BAKER HUGHES CO / BKR FAQ
What is the ChartMill technical rating of BAKER HUGHES CO (BKR) stock?
ChartMill assigns a technical rating of 6 / 10 to BKR.
What is the trend direction for BKR stock?
The current trend direction for BAKER HUGHES CO (BKR) is Bullish.
Can you provide the RSI signal for BAKER HUGHES CO?
BAKER HUGHES CO (BKR) has an RSI value of 53.0584. This indicates that the stock is currently neutral.
What are the support and resistance levels for BAKER HUGHES CO (BKR) stock?
BAKER HUGHES CO (BKR) has a support level at 47.66 and a resistance level at 47.88. Check the full technical report for our detailed analysis of BKR support and resistance levels.