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Archive
- 4/17/2025 -
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Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Baker Hugh (BKR). During the week, the BKR gained 0.98 points, or 2.58%, and closed at 38.91 on Thursday, April 17, 2025. Weekly volume was -15% below average.
 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 30.84 and resistance is at 43.40. 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 technical indicators are neutral.
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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 26, 2025 at 45.36 and reached 33.60 on April 7, 2025. BKR lost 11.76 points, or 25.93%, in 12 days. The price is now at the 45.15% retracement level.
Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 2, 2025. 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The distance between the Bollinger Bands is 188.30% higher then one year average. It indicates the period of high volatility of the stock price. 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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