BAKER HUGHES CO (BKR)

US05722G1004 - Common Stock

44.88  +0.57 (+1.29%)

After market: 44.54 -0.34 (-0.76%)

Technical Rating and Analysis

10

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.

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 84% of all other stocks.
BKR is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 81% of 60 stocks in the same industry.
A new 52 week high is currently being made by BKR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BKR has a been trading in the 36.50 - 45.17 range, which is quite wide. It is currently trading near the high of this range.
BKR has an average volume of 6702320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
BKR Weekly chart
BKR Daily chart
Setup Rating and Analysis

8

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. There is a support zone below the current price at 43.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

31.70

45.33

We found 5 important support areas.

  • A support zone ranging from 42.86 to 43.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 38.29 to 38.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @35.18 from a trend line in the weekly time frame.
  • A support zone ranging from 33.43 to 34.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @32.02 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.89
Mansfield1.72
10 Day High45.17
10 Day Low42.51
20 Day High45.17
20 Day Low36.5
52 Week High45.17
52 Week Low28.32
Performance
1 Week3.94%
2 Weeks4.13%
1 Month22.02%
3 Month27.43%
6 Month38.65%
12 Month32.43%
2 Year54.65%
3 Year92.29%
5 Year100.18%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)76.76
LBB38.97
UBB46.42
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
45.1842.852.33 (5.16%)19.39%
An entry @45.18. This is a Buy Stop order right above the 10 day high.An exit @42.85. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.33 points, which is 5.16%.When investing 19.39% 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.
BKR Daily chart

BAKER HUGHES CO

NASDAQ:BKR (11/21/2024, 6:05:08 PM)

After market: 44.54 -0.34 (-0.76%)

44.88

+0.57 (+1.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.29%
1 Week3.94%
2 Weeks4.13%
1 Month22.02%
3 Month27.43%
6 Month38.65%
12 Month32.43%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.26
ATR(20)%2.54%
ATR Inc
Range Today1.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High45.17
10 Day Low42.51
20 Day High45.17
20 Day Low36.5
52 Week High45.17
52 Week Low28.32
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume6.02M
Volume Incr-28.77%
Vol(5)5.34M
Vol(50)6.70M