BAYTEX ENERGY CORP (BTE.CA) Stock Technical Analysis
TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD
Taking everything into account, BTE scores 2 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than BTE.
BTE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 210 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.
BTE has an average volume of 6235750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BTE has a been trading in the 2.32 - 2.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
2.20
3.68
2 important support areas can be observed.
- A support zone ranging from 2.43 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.22 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.56 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.76 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.81 to 2.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.64 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 | 10.65 | NEGATIVE | BTE.CA has a low relative strength, it was outperformed by 89.35% 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) | 47.99 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 12.73 | OVERSOLD | The low Stochastics value suggests BTE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for BTE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for BTE.CA suggests a possible start of a new 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 (7/3/2025, 7:00:00 PM)
2.51
-0.04 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.57%
1 Week0.4%
2 Weeks-11.93%
1 Month7.26%
3 Month8.19%
6 Month-34.12%
12 Month-47.93%
2 Year-52.82%
3 Year-63.52%
5 Year304.84%
10 Year-77.71%
15 Year-92.28%
Volatility
ATR(14)0.13
ATR(20)%5.18%
ATR Inc-25.33%
Range Today0.06
ADR(20)0.12
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.65
Mansfield-3.53
10 Day High2.98
10 Day Low2.43
20 Day High2.98
20 Day Low2.32
52 Week High5.25
52 Week Low1.91
CS1 End2.43
CR1 Start2.53
Volume & EV
DER(3)2.06%
DER(5)-0.58%
Volume2.76M
Volume Incr-44.77%
Vol(5)4.14M
Vol(50)6.24M