Baker Hughes Companys stock price (BKR) skidded in the intraday levels, amid the dominance of the downward correctional trend in the medium term, while exposed to negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the support of $30.00, provided the current support of $31.56 is reliably breached.

Trend forecast: Bearish