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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a sixth positive week after 5 consecutive negative weeks for the Baker Hugh (BKR). During the week, the BKR gained 1.72 points, or 5.62%, and closed at 32.32 on Friday, March 15, 2024. Weekly volume was 15% above average. BKR is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See BKR long-term trend chart] A long-term downtrend had started on September 5, 2023 at 37.58 and reached 28.32 on February 5, 2024. BKR lost 9.26 points, or 24.64%, in 21 weeks. The price is now at the 43.20% retracement level. Medium-term trend: [See BKR medium-term trend chart] A medium-term uptrend had started on February 5, 2024 at 28.32 and reached 32.44 on March 15, 2024. BKR gained -4.12 points, or -14.55%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (29.64) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See BKR weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. The weekly MACD line is below its signal line since September 29, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help. Short-term trend: [See BKR short-term trend chart] A short-term uptrend had started on February 14, 2024 at 28.63 and reached 32.44 on March 15, 2024. BKR gained -3.81 points, or -13.31%, in 30 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (29.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend. Daily Technical Indicators: [See BKR daily technical indicators chart] Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help. The daily MACD line is above its signal line since February 7, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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