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Oil & Gas Equipment & Services Industry Stocks Technical Analysis - BKRArchive
- 1/17/2025 -
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Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Baker Hugh (BKR). During the week, the BKR gained 3.34 points, or 7.73%, and closed at 46.54 on Friday, January 17, 2025. It was the best weekly gain since November 8, 2024. BKR was trading at average weekly trading volume.
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 uptrend had started on September 26, 2022 at 20.42 and reached 47.47 on January 17, 2025. BKR gained -27.05 points, or -132.47%, in 120 weeks. Price is near the trend high.
 Medium-term trend: [See BKR medium-term trend chart]
A medium-term uptrend had started on February 5, 2024 at 28.32 and reached 47.47 on January 17, 2025. BKR gained -19.15 points, or -67.62%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (47.33). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. 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 December 20, 2024 at 39.38 and reached 47.47 on January 17, 2025. BKR gained -8.09 points, or -20.54%, in 28 days. The price is now at the 11.50% retracement level.
 Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since January 2, 2025. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
11 |
| Industry |
Oil & Gas Equipment & Services |
94 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
39.38 |
| Low Date |
12/20/2024 |
| High |
47.47 |
| High Date |
01/17/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
39.38 |
| Low Date |
12/20/2024 |
| High |
47.47 |
| High Date |
01/17/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
47.33 |
| Support |
34.66 |
| Low |
28.32 |
| Low Date |
02/05/2024 |
| High |
47.47 |
| High Date |
01/17/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
20.42 |
| Low Date |
09/26/2022 |
| High |
47.47 |
| High Date |
01/17/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
19.23 |
| Low Date |
07/21/2021 |
| High |
47.47 |
| High Date |
01/17/2025 |
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