BAKER HUGHES CO (BKR) Stock Technical Analysis
NASDAQ:BKR • US05722G1004
Overall BKR gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BKR did better than 85% of all other stocks.
- BKR is currently trading near its 52 week high, which is a good sign. 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 52.05 - 62.27 range, which is quite wide. It is currently trading near the high of this range.
- BKR has an average volume of 9023040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BKR is an average performer in the Energy Equipment & Services industry, it outperforms 49% of 60 stocks in the same industry.
Besides having an excellent technical rating, BKR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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39.74
When analyzing the support we can see 5 important areas.
- Support @56.03 from a horizontal line in the daily time frame.
- A support zone ranging from 53.75 to 53.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.64 to 46.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.47 to 45.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.14 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 | 85.08 | POSITIVE | BKR has a high relative strength, it outperformed 85.08% 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) | 69.84 | NEUTRAL | The RSI value for BKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BKR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.59 | OVERBOUGHT | The high Stochastics value suggests BKR may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BKR suggests some volalility. |
| Average Directional Index/ADX (14) | 41.67 | POSITIVE | The high ADX value value for BKR suggests a strong 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 |
|---|---|---|---|
| 62.28 | 56.91 | 5.37 (8.63%) | 11.59% |
| An entry @62.28. This is a Buy Stop order right above the 10 day high. | An exit @56.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.37 points, which is 8.63%. | When investing 11.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
61.54
+1.68 (+2.81%)
BAKER HUGHES CO / BKR FAQ
What is the ChartMill technical rating of BAKER HUGHES CO (BKR) stock?
ChartMill assigns a technical rating of 10 / 10 to BKR.
What is the current trend direction of BAKER HUGHES CO (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 69.8382. This indicates that the stock is currently neutral.
What is the MACD signal for BKR stock?
The MACD indicator for BAKER HUGHES CO (BKR) has a value of 0.0627909, indicating a bearish trend.
What is the buy/sell signal for BKR stock?
The buy/sell signal for BAKER HUGHES CO (BKR) is buy as both the short term and long term trends are positive.