Baker Hughes (BKR) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for BKR · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$61.73last close · Aug 4, 202652-week range $41.96 – $70.41 · 12.33% below the high

BKR Bullish Pennant Pattern

BKR is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $77.34 (+24.5%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; BKR's own bullish pennants have hit 16.7%.

DirectionBullishTarget$77.34Projected move+24.5%Breakout level$64.17

New to this pattern? What a bullish pennant is and how to trade it →

BKR's Most Recent Bullish Pennant Trade

BKR's most recent completed bullish pennant resolved as a loss: it broke higher on Apr 23, 2026 near $64.53, then was stopped out at $58.41 on Jun 18, 2026 — a -1.00R move (9.5%) over 39 sessions. Across 42 backtested bullish pennants, this setup wins 47.6% of the time.

OutcomeLossResult-1.00REntry$64.53Exit$58.41

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
BKR win rate
16.7%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

BKR Pattern Trade History

Every completed pattern trade our nightly backtest found on BKR's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantApr 23, 2026 @ $64.53Jun 18, 2026 @ $58.41Loss-1.00R
Rising WedgeDec 8, 2025 @ $49.08Dec 12, 2025 @ $46.56Win+1.24R
TriangleNov 26, 2025 @ $49.72Dec 12, 2025 @ $46.86Loss-1.01R
Rising WedgeJul 23, 2025 @ $41.50Aug 1, 2025 @ $43.51Win+0.64R
TriangleJul 16, 2025 @ $38.90Jul 23, 2025 @ $44.68Loss-5.16R
TriangleJun 6, 2025 @ $37.85Aug 1, 2025 @ $43.51Win+2.80R
Rising WedgeFeb 21, 2025 @ $45.84Apr 4, 2025 @ $40.11Win+1.61R
Rising WedgeOct 18, 2024 @ $36.60Nov 5, 2024 @ $38.58Loss-1.16R
Falling WedgeSep 13, 2024 @ $33.63Oct 15, 2024 @ $36.32Win+1.95R
TriangleSep 5, 2024 @ $33.99Sep 19, 2024 @ $36.36Loss-1.29R
Rising WedgeJul 26, 2024 @ $37.27Aug 5, 2024 @ $34.51Loss-1.12R
TriangleJun 4, 2024 @ $31.88Jun 24, 2024 @ $34.41Loss-1.53R

BKR Support and Resistance Levels

Price is being turned away at a ceiling near $63.06 and starting to slide. On the weekly chart, the next floor below sits near $55.86 — about 10% away.

  • Traders commonly watch $55.86 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $63.06 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $55.86, resistance near $63.06. These are chart/swing-derived levels, not formula pivots.

Resistance
$63.06$70.67$81.33
Support
$55.86$54.35$53.53$52.27$51.83

BKR Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$60.44$61.85$60.18$61.73
Aug 3, 2026$60.02$60.98$59.08$60.81
Jul 31, 2026$60.73$61.26$59.99$60.49
Jul 30, 2026$59.18$60.12$58.73$59.90
Jul 29, 2026$60.45$60.47$58.54$58.72
Jul 28, 2026$60.10$60.99$57.87$58.46
Jul 27, 2026$60.63$62.67$59.84$60.59
Jul 24, 2026$57.01$58.20$57.01$57.25
Jul 23, 2026$57.64$57.83$56.00$56.09
Jul 22, 2026$56.91$57.63$56.32$56.60

BKR Frequently Asked Questions

What chart pattern is BKR forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Baker Hughes (BKR) on the daily chart, with a measured-move target of $77.34.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on BKR is a bullish pattern, projecting a measured-move target of $77.34. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for BKR?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), BKR's nearest support is around $55.86 and nearest resistance around $63.06.
What is the price target if BKR's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $77.34 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was BKR's closing price on Aug 4, 2026?
Baker Hughes (BKR) last closed at $61.73 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.