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Uptrend ExhaustionArchive
- 11/8/2024 -
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Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Baker Hugh (BKR). During the week, the BKR gained 4.94 points, or 13.08%, and closed at 42.72 on Friday, November 8, 2024. Weekly volume was 16% above average.
 Long-term trend: [See BKR long-term trend chart]
A long-term uptrend had started on February 5, 2024 at 28.32 and reached 43.67 on November 8, 2024. BKR gained -15.35 points, or -54.20%, in 39 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (42.98). 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 long-term trend.
 Medium-term trend: [See BKR medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 32.25 and reached 43.67 on November 8, 2024. BKR gained -11.42 points, or -35.41%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (37.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and 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 October 22, 2024 at 35.92 and reached 43.67 on November 8, 2024. BKR gained -7.75 points, or -21.58%, in 17 days. The price is now at the 12.26% retracement level.
 Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since October 30, 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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| 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 |
3 |
| Industry |
Oil & Gas Equipment & Services |
40 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
35.92 |
| Low Date |
10/22/2024 |
| High |
43.67 |
| High Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
37.36 |
| Support |
37.63 |
| Low |
32.25 |
| Low Date |
09/11/2024 |
| High |
43.67 |
| High Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
42.98 |
| Support |
33.18 |
| Low |
28.32 |
| Low Date |
02/05/2024 |
| High |
43.67 |
| High Date |
11/08/2024 |
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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 |
43.67 |
| High Date |
11/08/2024 |
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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 |
43.67 |
| High Date |
11/08/2024 |
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