BAYTEX ENERGY CORP (BTE.CA) Technical Analysis
TSX:BTE • CA07317Q1054
We assign a technical rating of 10 out of 10 to BTE. Both in the recent history as in the last year, BTE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BTE is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, BTE also shows a nice and consistent pattern of rising prices.
- BTE is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. BTE outperforms 76% of them.
- BTE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BTE is leading the market.
- In the last month BTE has a been trading in the 4.56 - 5.58 range, which is quite wide. It is currently trading near the high of this range.
- BTE has an average volume of 6894080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BTE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for BTE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
4.07
4 important support areas can be observed.
- A support zone ranging from 5.04 to 5.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.90 from a trend line in the daily time frame.
- A support zone ranging from 4.74 to 4.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.11 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 | UP | POSITIVE | The long term trend for BTE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTE.CA is up. |
| ChartMill Relative Strength | 77.93 | POSITIVE | BTE.CA has a high relative strength, it outperformed 77.93% 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) | 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) | 68.29 | NEUTRAL | The RSI value for BTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BTE.CA has a positive trend. |
| Stochastics (14,3) | 80.74 | OVERBOUGHT | The high Stochastics value suggests BTE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.78 | 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 |
|---|---|---|---|
| 5.59 | 5.03 | 0.55 (9.94%) | 10.06% |
| An entry @5.58. This is a Buy Stop order right above the 10 day high. | An exit @5.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.55 points, which is 9.94%. | When investing 10.06% 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.
BTE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BTE (3/5/2026, 7:00:00 PM)
5.43
0 (0%)
BAYTEX ENERGY CORP / BTE.CA FAQ
What is the technical rating for BTE stock?
ChartMill assigns a technical rating of 10 / 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 68.2883. 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 positive.
Can you provide the support and resistance levels for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has a support level at 5.06. Check the full technical report for our detailed analysis of BTE.CA support and resistance levels.