BAKER HUGHES CO (BKR) Stock Technical Analysis
USA - NASDAQ:BKR - US05722G1004 - Common Stock
48.93 USD
+1.26 (+2.64%)
49.25 USD
+0.32 (+0.65%)
Taking everything into account, BKR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BKR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BKR is one of the better performing stocks in the market, outperforming 86% of all stocks.
BKR is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry. BKR outperforms 85% of them.
BKR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BKR has a been trading in the 44.05 - 50.06 range, which is quite wide. It is currently trading near the high of this range.
BKR has an average volume of 6744560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although BKR has an excellent technical rating, it does not present a decent entry opportunity 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
36.77
49.42
We found 4 important support areas.
- A support zone ranging from 42.50 to 42.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.60 from a trend line in the daily time frame.
- Support @38.50 from a trend line in the weekly time frame.
- Support @37.14 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for BKR is up. |
| ChartMill Relative Strength | 86.66 | POSITIVE | BKR has a high relative strength, it outperformed 86.66% 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) | 71.61 | OVERBOUGHT | The high RSI value suggests BKR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BKR has a positive trend. |
| Stochastics (14,3) | 87.77 | OVERBOUGHT | The high Stochastics value suggests BKR may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for BKR suggests some volalility. |
| Average Directional Index/ADX (14) | 34.55 | POSITIVE | The high ADX value value for BKR suggests a strong trend. |
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)
48.93
+1.26 (+2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.64%
1 Week3.6%
2 Weeks7.66%
1 Month10.13%
3 Month28.56%
6 Month13.58%
12 Month35.24%
2 Year38.53%
3 Year133.45%
5 Year268.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%2.26%
ATR Inc59.91%
Range Today2.25
ADR(20)1.09
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.66
Mansfield0.57
10 Day High50.06
10 Day Low45.37
20 Day High50.06
20 Day Low44.05
52 Week High50.06
52 Week Low33.6
CS1 End42.79
CR1 StartN/A
Volume & EV
DER(3)-1.37%
DER(5)-1.03%
Volume9.07M
Volume Incr60.51%
Vol(5)7.99M
Vol(50)6.74M