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

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- 6/5/2026 -
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Baker Hugh (BKR) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance lineTrend support at 63.24
Daily :
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It was the negative week for the Baker Hugh (BKR). During the week, the BKR dropped -1.29 points, or -2.02%, and closed at 62.59 on Friday, June 5, 2026. Weekly volume was -23% 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 (39.67) 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 70.41 on April 27, 2026. BKR gained -26.15 points, or -59.08%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (63.24) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 27, 2026 at 70.41 and reached 62.34 on June 1, 2026. BKR lost 8.07 points, or 11.46%, in 35 days. Price is near the trend low.

Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.18
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 31.47
Greed/Fear Indicator (GFI) 44.46
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.25
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 63.39
Greed/Fear Indicator (GFI) 64.56
Moving Average Converg./Diverg. (MACD) 4.27
Trading Signals
Description Value Chart
Monthly Trendline Resistance 72.86
Upper Bollinger Band 67.11
Parabolic System 66.40
Weekly Stochastic Crossing 65.50
20 Day Moving Average 64.86
50 Day Moving Average 64.14
Daily Stochastic Crossing 63.76
Monthly Trendline Support 63.24
Price 62.59
Lower Bollinger Band 62.36
Yearly Trendline Resistance 53.85
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Equipment & Services 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.92
High Date 05/26/2026
Low 62.34
Low Date 06/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.41
High Date 04/27/2026
Low 62.34
Low Date 06/01/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 72.86
Support 63.24
Low 44.26
Low Date 12/18/2025
High 70.41
High Date 04/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.60
Low Date 04/07/2025
High 70.41
High Date 04/27/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 53.85
Support 39.67
Low 19.23
Low Date 07/21/2021
High 70.41
High Date 04/27/2026
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.