BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to BTE. 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.
When comparing the yearly performance of all stocks, BTE is a bad performer in the overall market: 91% of all stocks are doing better.
BTE is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 80% are performing better than BTE.
BTE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BTE is lagging the market.
In the last month BTE has a been trading in the 2.18 - 2.98 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BTE has an average volume of 6480350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BTE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.06
3.74
We found 3 important support areas.
- A support zone ranging from 2.33 to 2.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.24 from a horizontal line in the daily time frame.
- Support @2.08 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.79 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.93 from a trend line in the daily time frame.
- Resistance @3.70 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 | UP | POSITIVE | The short term trend for BTE.CA is up. |
| ChartMill Relative Strength | 9.57 | NEGATIVE | BTE.CA has a low relative strength, it was outperformed by 90.43% 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) | DOWN | MIXED | The current price of BTE.CA is above a declining 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) | 61.55 | NEUTRAL | The RSI value for BTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BTE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.84 | NEUTRAL | The Stochastics value for BTE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.07 | POSITIVE | The high ADX value value for BTE.CA suggests a strong 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 (6/16/2025, 7:00:00 PM)
2.73
-0.1 (-3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.53%
1 Week9.2%
2 Weeks17.67%
1 Month14.23%
3 Month-13.06%
6 Month-16.77%
12 Month-38.93%
2 Year-36.81%
3 Year-56.32%
5 Year295.65%
10 Year-85.95%
15 Year-91.42%
Volatility
ATR(14)0.14
ATR(20)%4.31%
ATR Inc58.41%
Range Today0.1
ADR(20)0.11
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.57
Mansfield-2.85
10 Day High2.98
10 Day Low2.27
20 Day High2.98
20 Day Low2.18
52 Week High5.25
52 Week Low1.91
CS1 End2.35
CR1 Start2.79
Volume & EV
DER(3)-6.79%
DER(5)-4.3%
Volume6.20M
Volume Incr62.11%
Vol(5)9.30M
Vol(50)6.48M