BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
Overall BTE gets a technical rating of 8 out of 10. Although BTE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- BTE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 81% of 211 stocks in the same industry.
- BTE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- BTE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- BTE has an average volume of 6274730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BTE is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BTE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.65
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.46 to 4.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.14 to 4.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.78 from a trend line in the weekly time frame.
- Support @3.69 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.62 from a horizontal line in the weekly time frame.
- Resistance @4.71 from a horizontal line in the daily time frame.
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 | 73.54 | POSITIVE | BTE.CA has a high relative strength, it outperformed 73.54% 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) | 58.35 | NEUTRAL | The RSI value for BTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.52 | NEUTRAL | The Stochastics value for BTE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for BTE.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.63 | 4.45 | 0.18 (3.89%) | 25.00% |
| An entry @4.63. This is a Buy Stop order right above the resistance zone. | An exit @4.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.18 points, which is 3.89%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BTE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:BTE (1/16/2026, 7:00:00 PM)
4.61
-0.08 (-1.71%)
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 current trend direction of BAYTEX ENERGY CORP (BTE.CA) 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 58.3501. This indicates that the stock is currently neutral.
What is the short term momentum for BTE stock?
The short term momentum for BAYTEX ENERGY CORP (BTE.CA) is positive.
Can you provide the support and resistance levels for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has a support level at 4.48 and a resistance level at 4.62. Check the full technical report for our detailed analysis of BTE.CA support and resistance levels.