BAYTEX ENERGY CORP (BTE) Technical Analysis
NYSE:BTE • CA07317Q1054
Current stock price
BTE Technical Rating and Analysis
Overall BTE gets a technical rating of 10 out of 10. 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.
- Looking at the yearly performance, BTE did better than 97% of all other stocks. We also observe that the gains produced by BTE over the past year are nicely spread over this period.
- BTE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 209 stocks in the same industry.
- BTE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BTE has a been trading in the 3.92 - 5.14 range, which is quite wide. It is currently trading near the high of this range.
- BTE has an average volume of 23318200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BTE Weekly and Daily overview Charts
BTE Setup Rating and Analysis
Although BTE has an excellent technical rating, it does not offer a high 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
BTE Support and Resistance Analysis
2.27
4 important support areas can be observed.
- A support zone ranging from 4.21 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.04 from a horizontal line in the daily time frame.
- Support @3.15 from a trend line in the weekly time frame.
- Support @2.29 from a horizontal line in the weekly time frame.
BTE Technical Indicator Signal Analysis
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTE is up. |
| ChartMill Relative Strength | 97.04 | POSITIVE | BTE has a high relative strength, it outperformed 97.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTE is above the rising 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) | UP | POSITIVE | The current price of BTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.1 | NEUTRAL | The RSI value for BTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.42 | OVERBOUGHT | The high Stochastics value suggests BTE may be overbought. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for BTE suggests a strong trend. |
BTE Chart- and CandleStick Pattern Analysis
BTE Technicals: Chart, Performance Metrics, Trend & Indicators
4.98
-0.08 (-1.58%)
BAYTEX ENERGY CORP / BTE TA FAQ
What is the technical rating for BTE stock?
ChartMill assigns a technical rating of 10 / 10 to BTE.
What is the current trend direction of BAYTEX ENERGY CORP (BTE) stock?
The current trend direction for BAYTEX ENERGY CORP (BTE) is Bullish.
What is the RSI signal for BTE stock?
BAYTEX ENERGY CORP (BTE) has an RSI value of 67.0982. This indicates that the stock is currently neutral.
What is the buy/sell signal for BAYTEX ENERGY CORP (BTE) stock?
The buy/sell signal for BAYTEX ENERGY CORP (BTE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE) has a support level at 4.22. Check the full technical report for our detailed analysis of BTE support and resistance levels.