| Baker Hughes, A GE is a provider of oilfield products, services and digital solutions. Co. operates four segments: Oilfield Services, which provides products and services for on and offshore operations; Oilfield Equipment, which provides a portfolio of products and services required to facilitate the flow of hydrocarbons from the subsea wellhead to the surface production facilities; Turbomachinery & Processing Solutions, which provides equipment and related services for mechanical-drive; and Digital Solutions, which provides operating technologies helping to improve the health, productivity and safety of asset intensive industries and enable the Industrial Internet of Things. |
When researching a stock like Baker Hughes A GE Class A, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from BHGE Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for BHGE stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting BHGE RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue.