BAYTEX ENERGY CORP (BTE) Technical Analysis
NYSE:BTE • CA07317Q1054
Current stock price
BTE Technical Rating and Analysis
Taking everything into account, BTE scores 10 out of 10 in our technical rating. 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 95% of all other stocks. On top of that, BTE also shows a nice and consistent pattern of rising prices.
- BTE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 85% 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 is trading in the upper part of its 52 week range, but not near new highs, so BTE is leading the market.
- BTE has an average volume of 22205100 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 3.89 - 4.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
BTE Weekly and Daily overview Charts
BTE Setup Rating and Analysis
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. Another positive sign is the recent Pocket Pivot signal.
- 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
BTE Support and Resistance Analysis
2.74
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.09 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.02 from a trend line in the weekly time frame.
- Support @2.87 from a trend line in the daily time frame.
- Support @2.77 from a trend line in the daily 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 | 95.26 | POSITIVE | BTE has a high relative strength, it outperformed 95.26% 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) | 60.78 | 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. |
| Stochastics (14,3) | 63.64 | NEUTRAL | The Stochastics value for BTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.33 | POSITIVE | The high ADX value value for BTE suggests a strong trend. |
BTE Chart- and CandleStick Pattern Analysis
BTE Example Setup
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 |
|---|---|---|---|
| 4.57 | 4.08 | 0.49 (10.72%) | 9.33% |
| An entry @4.57. This is a Buy Stop order right above the 10 day high. | An exit @4.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 10.72%. | When investing 9.33% 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 Technicals: Chart, Performance Metrics, Trend & Indicators
4.25
+0.01 (+0.24%)
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 60.7771. 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 4.14. Check the full technical report for our detailed analysis of BTE support and resistance levels.