BAKER HUGHES CO (BKR) Stock Technical Analysis
NASDAQ:BKR - Nasdaq - US05722G1004 - Common Stock - Currency: USD
Overall BKR gets a technical rating of 2 out of 10. BKR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
BKR is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry. BKR outperforms 79% of them.
In the last month BKR has a been trading in the 35.83 - 38.62 range, which is quite wide. It is currently trading near the high of this range.
BKR has an average volume of 8381660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BKR turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
BKR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BKR is lagging the market slightly.
BKR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.72, a Stop Loss order could be placed below this zone.
More info and screens
34.42
39.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 36.84 to 37.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.77 to 35.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 38.34 to 39.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for BKR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BKR is neutral. |
| ChartMill Relative Strength | 61.17 | NEUTRAL | BKR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of BKR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BKR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.02 | NEUTRAL | The RSI value for BKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BKR has a positive trend. |
| Stochastics (14,3) | 77.01 | NEUTRAL | The Stochastics value for BKR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BKR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for BKR suggests a weak or negative 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)
38.33
+0.43 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.13%
1 Week2.71%
2 Weeks4.33%
1 Month5.04%
3 Month-10.53%
6 Month-9.06%
12 Month23.29%
2 Year21.26%
3 Year32.77%
5 Year149.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%2.38%
ATR Inc-7.44%
Range Today0.79
ADR(20)0.85
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.17
Mansfield-0.66
10 Day High38.62
10 Day Low36.36
20 Day High38.62
20 Day Low35.83
52 Week High49.4
52 Week Low30.93
CS1 End37.72
CR1 Start38.34
Volume & EV
DER(3)0.01%
DER(5)0.91%
Volume6.85M
Volume Incr-16.86%
Vol(5)6.18M
Vol(50)8.38M