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Oil & Gas Equipment & Services Industry Stocks Technical Analysis - BKR

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- 4/17/2026 -
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Baker Hugh (BKR) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Baker Hugh (BKR). During the week, the BKR dropped -3.05 points, or -4.85%, and closed at 59.78 on Friday, April 17, 2026. Weekly volume was 10% above 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 67.00 on March 2, 2026. BKR gained -47.77 points, or -248.41%, in 240 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (38.96) 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 uptrend had started on December 18, 2025 at 44.26 and reached 67.00 on March 2, 2026. BKR gained -22.74 points, or -51.38%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 57.63 and resistance is at 64.46. 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 medium-term trend.

Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 16, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 9, 2026 at 64.92 and reached 58.42 on April 17, 2026. BKR lost 6.50 points, or 10.01%, in 8 days. The price is now at the 20.92% retracement level.

Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.

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.

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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.91
Williams' Percentage Range (W%R) 80.50
Oversold
Lane's Stochastic (%D-Slow) 30.04
Greed/Fear Indicator (GFI) 28.16
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.25
Williams' Percentage Range (W%R) 32.10
Lane's Stochastic (%D-Slow) 58.08
Greed/Fear Indicator (GFI) 60.45
Moving Average Converg./Diverg. (MACD) 3.90
Trading Signals
Description Value Chart
Parabolic System 64.72
Monthly Trendline Resistance 64.46
Upper Bollinger Band 63.54
Weekly Stochastic Crossing 61.84
20 Day Moving Average 61.64
50 Day Moving Average 60.97
Daily Stochastic Crossing 59.90
Price 59.78
Lower Bollinger Band 58.62
Monthly Trendline Support 57.63
Yearly Trendline Resistance 53.39
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Equipment & Services 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.92
High Date 04/09/2026
Low 58.42
Low Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.92
High Date 04/09/2026
Low 58.42
Low Date 04/17/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 64.46
Support 57.63
Low 44.26
Low Date 12/18/2025
High 67.00
High Date 03/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.60
Low Date 04/07/2025
High 67.00
High Date 03/02/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 53.39
Support 38.96
Low 19.23
Low Date 07/21/2021
High 67.00
High Date 03/02/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.