Baker Hughes Co (BKR)
Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting. Baker Hughes is headquartered in Houston.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 25.36% per annum.
- BKR price at the close of May 9, 2024 was $32.78 and was higher than the top border of the primary price channel by $2.03 (6.59%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 145.18% per annum.
- BKR price at the close of May 9, 2024 was lower than the bottom border of the secondary price channel by $1.58 (4.59%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of BKR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: July 11, 2023
End date: March 12, 2024
a = 4.8119
b = -0.0008
s = 0.0388
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -25.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0388) – 1
= 16.78%
July 11, 2023 calculations
Top border of price channel:
Exp(Y1,048)
= Exp(a + b × X1,048 + 2 × s)
= Exp(a + b × 1,523 + 2 × s)
= Exp(4.8119 + -0.0008 × 1,523 + 2 × 0.0388)
= Exp(3.6689)
= $39.21
Bottom border of price channel:
Exp(Y1,048)
= Exp(a + b × X1,048 – 2 × s)
= Exp(a + b × 1,523 – 2 × s)
= Exp(4.8119 + -0.0008 × 1,523 – 2 × 0.0388)
= Exp(3.5137)
= $33.57
March 12, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(4.8119 + -0.0008 × 1,768 + 2 × 0.0388)
= Exp(3.4725)
= $32.22
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(4.8119 + -0.0008 × 1,768 – 2 × 0.0388)
= Exp(3.3173)
= $27.59
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 25.36% per annum.
- BKR price at the close of May 9, 2024 was $32.78 and was higher than the top border of the primary price channel by $2.03 (6.59%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 24, 2024
End date: April 12, 2024
a = -0.8964
b = 0.0025
s = 0.0267
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 145.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0267) – 1
= 11.27%
January 24, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,720 + 2 × s)
= Exp(-0.8964 + 0.0025 × 1,720 + 2 × 0.0267)
= Exp(3.3831)
= $29.46
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,720 – 2 × s)
= Exp(-0.8964 + 0.0025 × 1,720 – 2 × 0.0267)
= Exp(3.2763)
= $26.48
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(-0.8964 + 0.0025 × 1,799 + 2 × 0.0267)
= Exp(3.5772)
= $35.77
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(-0.8964 + 0.0025 × 1,799 – 2 × 0.0267)
= Exp(3.4704)
= $32.15
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 145.18% per annum.
- BKR price at the close of May 9, 2024 was lower than the bottom border of the secondary price channel by $1.58 (4.59%). This indicates a possible reversal in the secondary trend direction.