BAYTEX ENERGY CORP (BTE) Stock Technical Analysis
NYSE:BTE - New York Stock Exchange, Inc. - CA07317Q1054 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to BTE. Recently some decent action could be observed, but in the medium term time frame this is still negative. BTE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BTE is a bad performer in the overall market: 89% of all stocks are doing better.
BTE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 82% of 211 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 53545000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BTE has a been trading in the 1.76 - 2.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTE has a poor technical rating and the quality of the setup is also only medium 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
1.60
2.68
3 important support areas can be observed.
- A support zone ranging from 1.86 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.62 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.92 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.01 from a trend line in the daily time frame.
- A resistance zone ranging from 2.10 to 2.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.65 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 is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTE is up. |
| ChartMill Relative Strength | 11.14 | NEGATIVE | BTE has a low relative strength, it was outperformed by 88.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54 | NEUTRAL | The RSI value for BTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.16 | NEUTRAL | The Stochastics value for BTE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for BTE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.85 | NEGATIVE | The low ADX value for BTE 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)
1.92
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week4.92%
2 Weeks4.35%
1 Month-5.88%
3 Month17.79%
6 Month-29.67%
12 Month-48.39%
2 Year-52.48%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%5.34%
ATR Inc-25.53%
Range Today0.07
ADR(20)0.1
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.14
Mansfield-2.96
10 Day High2.03
10 Day Low1.76
20 Day High2.19
20 Day Low1.76
52 Week High3.84
52 Week Low1.36
CS1 End1.88
CR1 Start1.92
Volume & EV
DER(3)-1.79%
DER(5)0.08%
Volume50.29M
Volume Incr-23.76%
Vol(5)46.02M
Vol(50)53.55M