BAYTEX ENERGY CORP (BTE)

CA07317Q1054 - Common Stock

3.71  -0.05 (-1.33%)

After market: 3.71 0 (0%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to BTE. Although BTE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
In the last month BTE has a been trading in the 3.12 - 3.84 range, which is quite wide. It is currently trading near the high of this range.
BTE has an average volume of 8490870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BTE outperforms 44% of them, which is more or less in line with the market.
BTE is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, BTE did better than 49% of them.
BTE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTE is lagging the market.
Weekly and Daily overview Charts
BTE Weekly chart
BTE Daily chart
Setup Rating and Analysis

3

Although BTE has an excellent technical rating, it does not present a decent entry opportunity 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.

Support and Resistance Analysis

2.92

4.08

We found 4 important support areas.

  • A support zone ranging from 3.49 to 3.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 3.21 to 3.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @3.08 from a horizontal line in the daily time frame.
  • Support @2.95 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 4.03 to 4.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.79
Mansfield-1.33
10 Day High3.84
10 Day Low3.49
20 Day High3.84
20 Day Low3.12
52 Week High4.65
52 Week Low2.92
Performance
1 Week7.12%
2 Weeks7.12%
1 Month18.61%
3 Month3.58%
6 Month25.33%
12 Month4.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)62.92
LBB3.35
UBB3.83
BTE Daily chart

BAYTEX ENERGY CORP

NYSE:BTE (7/17/2024, 3:01:14 PM)

After market: 3.71 0 (0%)

3.71

-0.05 (-1.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.33%
1 Week7.12%
2 Weeks7.12%
1 Month18.61%
3 Month3.58%
6 Month25.33%
12 Month4.16%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%2.97%
ATR Inc
Range Today0.14
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.84
10 Day Low3.49
20 Day High3.84
20 Day Low3.12
52 Week High4.65
52 Week Low2.92
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume12.04M
Volume Incr25.5%
Vol(5)9.59M
Vol(50)8.49M