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Baker Hughes Company Stock Forecast NYSE:BKR

$24.95 (-0.72%)

Volume: 6M

Closed: Dec 08, 2021

Hollow Logo Score: 1.358

Baker Hughes Company Stock Forecast

$24.95 (-0.72%)

Volume: 6M

Closed: Dec 08, 2021

Score Hollow Logo 1.358
Which way will BKR go? Request
Stop-loss: $23.90 (-4.19%)
Key Stats
P/E Ratio 200.23
Beta 1.13
Trailing Dividend Rate 2.85% ($0.71)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 54 and the stock is currently not being overbought or oversold

Red day on Wednesday for Baker Hughes Company stock after losing 0.72%
(Updated on Dec 08, 2021)


Buy candidate since 2021-12-07 Loss -0.72%

The Baker Hughes Company stock price fell by -0.72% on the last day (Wednesday, 8th Dec 2021) from $25.13 to $24.95. During the day the stock fluctuated 1.84% from a day low at $24.83 to a day high of $25.29. The price has risen in 6 of the last 10 days and is up by 5.01% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 6 million shares were bought and sold for approximately $137.77 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Baker Hughes Company stock with a 90% probability to be traded between $22.06 and $26.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

The Baker Hughes Company stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.17 and $24.50. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, December 07, 2021, and so far it has fallen -0.72%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Baker Hughes Company finds support from accumulated volume at $24.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.46 between high and low, or 1.84%. For the last week, the stock has had a daily average volatility of 2.75%.

Our recommended stop-loss: $23.90 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

Is Baker Hughes Company stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Baker Hughes Company stock to perform well in the short-term period.

Current score: 1.358

Predicted Opening Price for Baker Hughes Company of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$25.02 $24.95 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 22, 2021 "Stephens" gave "$28.00 - $30.00" rating for BKR. The price target was set to $24.66+1.6%.

Volatility and Risk
Daily Average Volatility: 2.75 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.75 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.13
Price: $24.95
Support: $24.92

BKR Insider Trading Show all Trades

INSIDER POWER

0.486

Last 100 transactions
Buy: 195 531 747 | Sell: 402 417 301 (Shares)
Date Action Amount Person Type
Nov 29, 2021 Sell 14 000 Borras Maria C Class A Common Stock
Nov 10, 2021 Sell 14 000 Borras Maria C Class A Common Stock
Nov 04, 2021 Sell 29 334 Worrell Brian Class A Common Stock
Nov 03, 2021 Sell 50 097 840 General Electric Co Common Unit
Nov 03, 2021 Buy 50 097 840 General Electric Co Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.486

Last 100 transactions
Buy: 195 531 747 | Sell: 402 417 301 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 25.48 2.12 %
25.30 1.42 %
25.20 0.99 %
Current price: 24.95
Support 24.85 -0.41 %
24.74 -0.84 %
24.57 -1.54 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 25.45 2.00 %
25.35 1.60 %
25.13 0.72 %
Current price 24.95
Support 24.92 -0.12%
23.94 -4.05%
23.34 -6.45%

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