Baker Hughes Co

Within its longer-term uptrend, BKR is now in a Stage 4 decline with persistent lower highs and lower lows under down-sloping EMAs, establishing a bearish medium-term bias. After an oversold relief bounce, price is pulling back into the declining 9/20 EMAs and the 50-day SMA, creating a resistance zone. Lacking clear exhaustion signals, we recommend trimming into rallies toward these moving averages, especially given the active Bearish Pivot Point pattern signaling downward mean reversion.

• ↑Record $4.9B IET orders in Q1 boosts backlog to $33.1B.
• ↑Adjusted EBITDA $1.16B (+12% YoY) exceeds guidance; margin up 140 bp to 17.6%.
• ↓Regional disruptions could slash Middle East revenues by >20% in Q2.