BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
We assign a technical rating of 8 out of 10 to BTE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BTE is only an average performer.
BTE has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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3.00
When analyzing the support we can see 4 important areas.
- Support @3.40 from a trend line in the weekly time frame.
- Support @3.34 from a trend line in the daily time frame.
- A support zone ranging from 3.18 to 3.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.47 to 4.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BTE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTE.CA is up. |
| ChartMill Relative Strength | 77.25 | POSITIVE | BTE.CA has a high relative strength, it outperformed 77.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.58 | OVERBOUGHT | The high RSI value suggests BTE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BTE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.26 | OVERBOUGHT | The high Stochastics value suggests BTE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.95 | POSITIVE | The high ADX value value for BTE.CA suggests a strong trend. |
TSX:BTE (11/21/2025, 7:00:00 PM)
4.46
-0.02 (-0.45%)
BAYTEX ENERGY CORP / BTE.CA FAQ
What is the technical rating for BTE stock?
ChartMill assigns a technical rating of 8 / 10 to BTE.CA.
What is the trend direction for BTE stock?
The current trend direction for BAYTEX ENERGY CORP (BTE.CA) is Bullish.
Can you provide the RSI signal for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has an RSI value of 73.5842. This indicates that the stock is currently overbought.
What is the MACD signal for BTE stock?
The MACD indicator for BAYTEX ENERGY CORP (BTE.CA) has a value of 0.0806053, indicating a bearish trend.
What are the support and resistance levels for BAYTEX ENERGY CORP (BTE.CA) stock?
BAYTEX ENERGY CORP (BTE.CA) has a support level at 3.4 and a resistance level at 4.47. Check the full technical report for our detailed analysis of BTE.CA support and resistance levels.