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Oil & Gas Equipment & Services Industry Stocks Technical Analysis - BKRArchive
- 5/23/2025 -
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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 -1.05 points, or -2.78%, and closed at 36.74 on Friday, May 23, 2025. BKR was trading at average weekly trading volume.
BKR is a member of Energy Sector. Energy is the second most oversold 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 49.40 on February 6, 2025. BKR gained -28.98 points, or -141.92%, in 123 weeks. The price is now at the 43.69% retracement level.
 Medium-term trend: [See BKR medium-term trend chart]
A medium-term downtrend had started on February 6, 2025 at 49.40 and reached 33.60 on April 7, 2025. BKR lost 15.80 points, or 31.98%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 22.21 and resistance is at 40.34. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 7, 2025 at 33.60 and reached 39.48 on April 17, 2025. BKR gained -5.88 points, or -17.5%, in 10 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 35.58 and resistance is at 38.26. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
 Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 30, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
During the last week, the price has declined below 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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