BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
Canada - TSX:BTE - CA07317Q1054 - Common Stock
Taking everything into account, BTE scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BTE is a bad performer.
BTE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.54. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BTE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.01
When analyzing the support we can see 2 important areas.
- Support @3.17 from a horizontal line in the daily time frame.
- A support zone ranging from 3.04 to 3.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.54 to 3.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.69 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 | NEUTRAL | NEUTRAL | The short term trend for BTE.CA is neutral. |
| ChartMill Relative Strength | 30.84 | NEUTRAL | BTE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTE.CA is below 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) | DOWN | MIXED | The current price of BTE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.53 | NEUTRAL | The RSI value for BTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BTE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.11 | OVERSOLD | The low Stochastics value suggests BTE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.34 | POSITIVE | The high ADX value value for BTE.CA suggests a strong 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 |
|---|---|---|---|
| 3.37 | 3.16 | 0.21 (6.26%) | 15.98% |
| An entry @3.37. This is a Buy Stop order right above the 10 day moving average. | An exit @3.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.21 points, which is 6.26%. | When investing 15.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (10/3/2025, 7:00:00 PM)
3.3
+0.12 (+3.77%)