Baker Hughes is a holding company. Through its subsidiaries, Co. is an energy technology company. Co. has four segments: Oilfield Services, which provides products and services, as well as integrated well services for onshore and offshore operations across the lifecycle of a well; Oilfield Equipment, which provides a portfolio of products and services required to facilitate the safe and reliable control and flow of hydrocarbons from the wellhead to the production facilities; Turbomachinery and Process Solutions, which provides technology solutions and services across the energy industry; and Digital Solutions, which provides equipment, software, and services for a range of industries.
When researching a stock like Baker Hughes, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from BKR Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for BKR stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the BKR 200 day moving average ("BKR 200 DMA"), while one of the most popular "shorter look-backs" is the BKR 50 day moving average ("BKR 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Baker Hughes. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the BKR 200 DMA and the BKR 50 DMA, we get a moving average convergence divergence indicator ("BKR MACD"). The BKR MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
Free BKR Email Alerts:
Video: Technical Analysis