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BKR Technical Analysis

Baker Hughes Co
$
41.740
-0.740(-1.740%)

BKR Technical Signal Analysis

BKR have 0 buy signal and 4 sell signals now. The current trend is downtrend starting from 2025-03-03. The total price change during this trend is -4.27%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of BKR over last 5 trading day is $348,003,924.52

0 Bullish Signal

vs

4 Bearish Signal

Name

Signal

Value

Meaning

Name

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 < 0

-2.73

Bearish

Momentum (10 days)

MOM_10 < 0

-1.84

Bearish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 < 0

-0.95

Bearish

Moving Average

Price crosses below 5-day SMA

--

Bearish

BKR Support and Resistance Level

The support levels for BKR are at 40.95, 39.82, and 37.99, while the resistance levels are at 44.61, 45.74, and 47.58. With the current stock price at 41.74, it is leaning more toward the support levels.

BKR Technical Analysis

Comprehensive Technical Analysis of BKR Stock

Current Price and Recent Performance

  • Current Price: 42.96
  • Close Price: 42.89
  • Volume: 9,118,620

Technical Indicators

  • RSI (6, 12, 14): 39.62, 39.98, 41.07 (Below 50, indicating bearish range)
  • Stochastic Oscillator (14, 3, 3): K=16.38, D=15.95 (Oversold region, potential bullish crossover)
  • MACD (12, 26, 9): Line=-0.74, Signal=-0.43, Histogram=-0.31 (Bearish but showing possible divergence)

Fibonacci Levels

  • Pivot: 43.64
  • Resistance Levels: 45.48, 46.61, 48.45
  • Support Levels: 41.80, 40.67, 38.83

Bollinger Bands (20, 3)

  • Middle Band (20-period moving average): 43.00
  • Upper Band: 45.27
  • Lower Band: 40.67

**News Sentiment

  • Energy stocks, including BKR, are under pressure due to falling WTI crude oil prices.
  • BKR is down more than -2% as energy producers face headwinds.

**Conclusion

Based on the technical analysis, BKR is approaching oversold conditions with the Stochastic Oscillator in the oversold zone and the MACD showing signs of a potential bullish divergence. However, the broader market sentiment for energy stocks is negative, which may outweigh any short-term bullish signals.

Recommendation: Sell BKR at the current price of 42.96.

BKR FAQs

Which bearish technical signals does BKR have?

Bearish technical signals of BKR include: AO_5_34 < 0, MOM_10 < 0, MACD_12_26_9 < 0, Price crosses below 5-day SMA.

How reliable is technical analysis?

How can I use moving averages to set entry and exit points for BKR stock?

Is BKR a buy based on overall technical signals summary?

BKR Buy or Sell

BKR has 0 buy signals and 4 sell signals now. Overall the technical rating for BKR is Strong sell.

StrongSellSellNeutralBuyStrongBuy
Strong sell
Sell
4
Buy
0

BKR Moving Average

This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 41.74 below the SMA_5. In the short term, the stock shows a negative trend with the 42.02 below the SMA_20. In the mid term, the stock shows a positive trend with the 44 above the SMA_60. In the long term, the stock shows a positive trend with the 43.98 above the SMA_200.

Swing

Negative

Stock Price Below SMA_5

Short Term

Negative

SMA_5 Below SMA_20

Mid Term

Positive

SMA_20 Above SMA_60

Long Term

Positive

SMA_60 Above SMA_200

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