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Oil & Gas Equipment & Services Industry Stocks Technical Analysis - BKRArchive
- 8/21/2026 -
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Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Baker Hugh (BKR). During the week, the BKR dropped -2.48 points, or -3.83%, and closed at 62.34 on Friday, August 21, 2026. Weekly volume was -30% below 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 uptrend had started on July 21, 2021 at 19.23 and reached 70.41 on April 27, 2026. BKR gained -51.18 points, or -266.15%, in 248 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (40.77) 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 long-term trend.
 Medium-term trend: [See BKR medium-term trend chart]
A medium-term downtrend had started on April 27, 2026 at 70.41 and reached 52.27 on July 2, 2026. BKR lost 18.14 points, or 25.76%, in 9 weeks. The price is now at the 55.51% retracement level.
 Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 29, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 2, 2026 at 52.27 and reached 65.44 on August 17, 2026. BKR gained -13.17 points, or -25.20%, in 46 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 58.54 and resistance is at 66.44. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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