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| Daily MACD Divergence: | Bearish |
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- 4/19/2024 -
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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 -0.45 points, or -1.36%, and closed at 32.60 on Friday, April 19, 2024. Weekly volume was -14% 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 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 46.22% 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 34.62 on April 5, 2024. BKR gained -6.30 points, or -22.25%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.62 and resistance is at 35.85. 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 medium-term trend.
 Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 above its signal line since March 15, 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 downtrend had started on April 5, 2024 at 34.62 and reached 31.93 on April 16, 2024. BKR lost 2.69 points, or 7.77%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend 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 |
12 |
| Industry |
Oil & Gas Equipment & Services |
92 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
31.93 |
| Low Date |
04/16/2024 |
| High |
32.78 |
| High Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
34.62 |
| High Date |
04/05/2024 |
| Low |
31.93 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
35.85 |
| Support |
30.62 |
| Low |
28.32 |
| Low Date |
02/05/2024 |
| High |
34.62 |
| High Date |
04/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
37.58 |
| High Date |
09/05/2023 |
| Low |
28.32 |
| Low Date |
02/05/2024 |
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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 |
39.78 |
| High Date |
03/24/2022 |
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