Baker Hughes tries to recoup some losses - Analysis - 17-03-2023

Baker Hughes Company's stock (BKR) rose in the last session, amid attempts to recoup some recent losses, while venting off oversold saturation in the RSI, marking a mild profit of 1.68% in the last session, or 45 cents, and settling at 27.30, while hurt by piercing the upward correctional trend line previously in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the first support at 25.12, provided it settles below 27.07.

Expected trend for today: Bearish