BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD
Taking everything into account, BTE scores 3 out of 10 in our technical rating. In the past year, BTE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BTE is a bad performer in the overall market: 86% of all stocks are doing better.
BTE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 70% of 208 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 2.68 - 3.06 range, which is quite wide. It is currently trading near the lows of this range.
BTE has an average volume of 5930360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BTE does present a nice setup opportunity. 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 support zone below the current price at 2.72, a Stop Loss order could be placed below this zone. 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.
More info and screens
2.69
3.47
When analyzing the support we notice one important area.
- A support zone ranging from 2.72 to 2.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.75 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.91 to 2.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.03 from a horizontal line in the daily time frame.
- Resistance @3.44 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BTE.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTE.CA is neutral. |
| ChartMill Relative Strength | 14.18 | NEGATIVE | BTE.CA has a low relative strength, it was outperformed by 85.82% off all stocks 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 | NEGATIVE | The current price of BTE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.3 | NEUTRAL | The RSI value for BTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTE.CA has a negative trend. |
| Stochastics (14,3) | 15.24 | OVERSOLD | The low Stochastics value suggests BTE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for BTE.CA suggests a weak or negative trend. |
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)
TSX:BTE (8/20/2025, 7:00:00 PM)
2.73
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-1.44%
2 Weeks-5.54%
1 Month0.74%
3 Month20.26%
6 Month-20.87%
12 Month-44.17%
2 Year-50.36%
3 Year-59.91%
5 Year307.46%
10 Year-64.13%
15 Year-92.19%
Volatility
ATR(14)0.11
ATR(20)%4.4%
ATR Inc-5.47%
Range Today0.1
ADR(20)0.12
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.18
Mansfield-2.37
10 Day High2.97
10 Day Low2.68
20 Day High3.06
20 Day Low2.68
52 Week High5.05
52 Week Low1.91
CS1 End2.72
CR1 Start2.75
Volume & EV
DER(3)1.28%
DER(5)3.42%
Volume2.92M
Volume Incr-42.51%
Vol(5)3.23M
Vol(50)5.93M