NASDAQ trade advice (A): US metal fabrications stock | 4-5% gain | USA stock trading picks on 22 Jan 2025

Date
January 22, 2025
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Short Term Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Baker Hughes Company
  • 46 – 47
  • 48.5 – 49
  • Below 45
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    Baker Hughes Company
  • Buy
    Range
    46 – 47
  • Target
    48.5 – 49
  • Stoploss
    Below 45
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Baker Hughes Company (NASDAQ: BKR) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • BKR
  • Baker Hughes Company
  • Metal Fabrications
  • 47.47
  • 28.32
  • NASDAQ Code BKR
  • Stock Name Baker Hughes Company
  • Sector Metal Fabrications
  • 52 Weeks High 47.47
  • 52 Weeks Low 28.32
  • Baker Hughes Company (NASDAQ: BKR) vs NASDAQ - Relative Strength Comparison

    The image compares Baker Hughes Company's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    BKR —   NASDAQ —

  • Baker Hughes Company (NASDAQ: BKR) - Technical Analysis (Daily)

    Baker Hughes Company - Technical Analysis chart on Daily Price and Volume
    Baker Hughes Company - Technical Analysis chart on Daily Price and Volume

    • The stock price underwent a prolonged consolidation period, forming an Ascending Triangle pattern.
    • After the breakout, the price initially rallied but then pulled back to retest the breakout level.
    • Following this successful retest, the price is now continuing its upward movement.
  • Baker Hughes Company (NASDAQ: BKR) - RSI Indicator

    Baker Hughes Company stock analysis based on RSI Indicator
    Baker Hughes Company - RSI Indicator

    • Current RSI of this stock is 80.14, which indicates the strength of buyers.

  • Baker Hughes Company (NASDAQ: BKR) - MACD Indicator

    Baker Hughes Company stock analysis based on MACD Indicator
    Baker Hughes Company - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Baker Hughes Company (NASDAQ: BKR) - ADX & DI Indicator

    Baker Hughes Company stock analysis based on ADX & DI Indicator
    Baker Hughes Company - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Conclusion - Baker Hughes Company (NASDAQ: BKR) Stock Price Forecast

    Based on our US stock market recommendations, Baker Hughes Company stock price target will be USD 48.5 - USD 49 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    4 days
    27 Jan 2025
    22 Jan 2025
    Loss per
    100,000 SAR
    4 days
    -2,174
    Stop-loss
    27 Jan 2025
    45
    Buy Advice
    22 Jan 2025
    46 – 47
    Target 1
    48.5
    Target 2
    49
    Profit per
    100,000 SAR
    -2,174
    45
    46 – 47
    48.5
    49
    4 days
    27 Jan 2025
    22 Jan 2025
    Loss per
    100,000 SAR
    4 days
    -2,174
    Stop-loss
    27 Jan 2025
    45
    Buy Advice
    22 Jan 2025
    46 – 47
    Target 1
    48.5
    Target 2
    49
    Profit per
    100,000 SAR
    -2,174
    45
    46 – 47
    48.5
    49
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Baker Hughes Company
  • 46 – 47
  • 48.5 – 49
  • Below 45
  • 4% – 5%
  • 12 - 14 Days
  • Buy Baker Hughes Company
  • Buy
    Range
    46 – 47
  • Target 48.5 – 49
  • Stoploss Below 45
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Baker Hughes Company
  • 46 – 47
  • 48.5 – 49
  • Below 45
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    Baker Hughes Company
  • Buy
    Range
    46 – 47
  • Target
    48.5 – 49
  • Stoploss
    Below 45
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Baker Hughes Company (NASDAQ: BKR) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • BKR
  • Baker Hughes Company
  • Metal Fabrications
  • 47.47
  • 28.32
  • NASDAQ Code BKR
  • Stock Name Baker Hughes Company
  • Sector Metal Fabrications
  • 52 Weeks High 47.47
  • 52 Weeks Low 28.32
  • Company profile

    Baker Hughes Company offers a range of technologies and services for the global energy and industrial sectors. It operates in two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment focuses on designing and manufacturing products and services for oilfield operations, including exploration, production, and decommissioning. It also provides drilling services, artificial lift systems, and integrated well solutions. The IET segment supplies gas technology equipment and solutions for various energy sectors, along with monitoring equipment and inspection services. Formerly known as Baker Hughes, a GE company, it rebranded to Baker Hughes Company in October 2019 and was incorporated in 2016, headquartered in Houston, Texas.

  • Baker Hughes Company (NASDAQ: BKR) vs NASDAQ - Relative Strength Comparison

    The image compares Baker Hughes Company's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    BKR —   NASDAQ —

  • Baker Hughes Company (NASDAQ: BKR) - Technical Analysis (Daily)

    Baker Hughes Company - Technical Analysis chart on Daily Price and Volume
    Baker Hughes Company - Technical Analysis chart on Daily Price and Volume

    • The stock price underwent a prolonged consolidation period, forming an Ascending Triangle pattern.
    • After the breakout, the price initially rallied but then pulled back to retest the breakout level.
    • Following this successful retest, the price is now continuing its upward movement.
  • Baker Hughes Company (NASDAQ: BKR) - RSI Indicator

    Baker Hughes Company stock analysis based on RSI Indicator
    Baker Hughes Company - RSI Indicator

    • Current RSI of this stock is 80.14, which indicates the strength of buyers.

  • Baker Hughes Company (NASDAQ: BKR) - MACD Indicator

    Baker Hughes Company stock analysis based on MACD Indicator
    Baker Hughes Company - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Baker Hughes Company (NASDAQ: BKR) - ADX & DI Indicator

    Baker Hughes Company stock analysis based on ADX & DI Indicator
    Baker Hughes Company - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Conclusion - Baker Hughes Company (NASDAQ: BKR) Stock Price Forecast

    Based on our US stock market recommendations, Baker Hughes Company stock price target will be USD 48.5 - USD 49 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website