BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
Overall BTE gets a technical rating of 6 out of 10. BTE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, BTE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.18, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.00
We found 5 important support areas.
- A support zone ranging from 4.09 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.73 from a trend line in the weekly time frame.
- Support @3.61 from a trend line in the daily time frame.
- Support @3.27 from a trend line 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 4.55 to 4.58. 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 | NEUTRAL | NEUTRAL | The short term trend for BTE.CA is neutral. |
| ChartMill Relative Strength | 68.21 | NEUTRAL | BTE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTE.CA is below a declining 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) | 48.9 | NEUTRAL | The RSI value for BTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BTE.CA has a negative trend. |
| Stochastics (14,3) | 71.93 | NEUTRAL | The Stochastics value for BTE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for BTE.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 4.39 | 4.10 | 0.29 (6.56%) | 15.24% |
| An entry @4.39. This is a Buy Stop order right above the 10 day moving average. | An exit @4.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 6.56%. | For a 1.00% total portfolio risk, you can invest 15.24% of your capital in this trade. |
- 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 (1/6/2026, 7:00:00 PM)
4.28
-0.15 (-3.39%)
BAYTEX ENERGY CORP / BTE.CA FAQ
What is the technical rating for BTE stock?
ChartMill assigns a technical rating of 6 / 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 48.8978. 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 neutral.
Can you provide the support and resistance levels for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has a support level at 4.18 and a resistance level at 4.55. Check the full technical report for our detailed analysis of BTE.CA support and resistance levels.