BAYTEX ENERGY CORP (BTE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BTE - CA07317Q1054 - Common Stock
3.32 USD
+0.09 (+2.79%)
3.3485 USD
+0.03 (+0.86%)
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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BTE did better than 89% of all other stocks.
- BTE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 207 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.
- BTE has an average volume of 19924600 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 2.98 - 3.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
2.58
3.48
We found 4 important support areas.
- A support zone ranging from 3.18 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.00 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.70 from a trend line in the weekly time frame.
- Support @2.61 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.33 to 3.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.45 from a horizontal line in the daily 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTE is up. |
| ChartMill Relative Strength | 89.59 | POSITIVE | BTE has a high relative strength, it outperformed 89.59% 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) | 54.33 | NEUTRAL | The RSI value for BTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BTE has a negative trend. |
| Stochastics (14,3) | 64.81 | NEUTRAL | The Stochastics value for BTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | 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)
3.32
+0.09 (+2.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.79%
1 Week-1.78%
2 Weeks-0.3%
1 Month5.06%
3 Month38.91%
6 Month60.39%
12 Month31.23%
2 Year4.4%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%4.48%
ATR Inc21.23%
Range Today0.1
ADR(20)0.14
ADR(20)%4.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.59
3 months CRS94.92
6 months CRS92.97
Mansfield3.11
10 Day High3.52
10 Day Low3.22
20 Day High3.52
20 Day Low2.98
52 Week High3.52
52 Week Low1.36
CS1 End3.2
CR1 Start3.33
Volume & EV
DER(3)-1.01%
DER(5)-1.28%
Volume18.36M
Volume Incr5.65%
Vol(5)17.19M
Vol(50)19.92M
BAYTEX ENERGY CORP / BTE 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.
Can you provide the RSI signal for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE) has an RSI value of 54.3339. 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) is positive.
Can you provide the support and resistance levels for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE) has a support level at 3.2 and a resistance level at 3.33. Check the full technical report for our detailed analysis of BTE support and resistance levels.