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BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis

TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD

3.48  +0.08 (+2.35%)

Technical Rating and Analysis

0

Taking everything into account, BTE scores 0 out of 10 in our technical rating. BTE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BTE is a bad performer in the overall market: 83% of all stocks are doing better.
BTE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 70% of 214 stocks in the same industry do better.
BTE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BTE has a been trading in the 3.25 - 4.06 range, which is quite wide. It is currently trading near the lows of this range.
BTE has an average volume of 4317960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
BAYTEX ENERGY CORP / BTE Weekly stock chart
BAYTEX ENERGY CORP / BTE Daily stock chart
Setup Rating and Analysis

6

BTE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.66. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

3.39

4.29

We found 1 important support area.

  • Support @3.42 from a trend line in the daily time frame.

We can see 4 important resistance areas.

  • A resistance zone ranging from 3.66 to 3.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.75 to 3.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.93 to 3.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @4.25 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.22
Mansfield-2.78
10 Day High3.65
10 Day Low3.25
20 Day High4.06
20 Day Low3.25
52 Week High5.55
52 Week Low3.15
Performance
1 Week-0.29%
2 Weeks-4.66%
1 Month-11.22%
3 Month-16.14%
6 Month-24.18%
12 Month-16.75%
2 Year-33.84%
3 Year-39.9%
5 Year180.65%
10 Year-82.95%
15 Year-89.63%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)42.34
LBB3.35
UBB3.79
BAYTEX ENERGY CORP / BTE Daily stock chart

BAYTEX ENERGY CORP

TSX:BTE (2/7/2025, 7:00:00 PM)

3.48

+0.08 (+2.35%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.35%
1 Week-0.29%
2 Weeks-4.66%
1 Month-11.22%
3 Month-16.14%
6 Month-24.18%
12 Month-16.75%
2 Year-33.84%
3 Year-39.9%
5 Year180.65%
10 Year-82.95%
15 Year-89.63%
Volatility
ATR(14)0.14
ATR(20)%3.94%
ATR Inc10.82%
Range Today0.12
ADR(20)0.13
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.22
Mansfield-2.78
10 Day High3.65
10 Day Low3.25
20 Day High4.06
20 Day Low3.25
52 Week High5.55
52 Week Low3.15
CS1 End3.42
CR1 Start3.66
Volume & EV
DER(3)-3.96%
DER(5)0.95%
Volume3.45M
Volume Incr-21.94%
Vol(5)3.18M
Vol(50)4.32M