BAYTEX ENERGY CORP (BTE) Stock Technical Analysis
NYSE:BTE - New York Stock Exchange, Inc. - CA07317Q1054 - Common Stock - Currency: USD
Taking everything into account, BTE scores 0 out of 10 in our technical rating. BTE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BTE is a bad performer in the overall market: 92% of all stocks are doing better.
BTE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 82% of 212 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month BTE has a been trading in the 1.36 - 1.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BTE has an average volume of 44772000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, BTE does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for BTE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.60
2.88
When analyzing the support we notice one important area.
- A support zone ranging from 1.62 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.95 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.11 from a trend line in the daily time frame.
- Resistance @2.17 from a trend line in the weekly time frame.
- Resistance @2.85 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.89
Mansfield-4.25
10 Day High1.75
10 Day Low1.52
20 Day High1.86
20 Day Low1.36
52 Week High3.84
52 Week Low1.36
Performance
1 Week-0.61%
2 Weeks-5.75%
1 Month-18%
3 Month-31.67%
6 Month-43.84%
12 Month-53.54%
2 Year-48.1%
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)0.01
RSI(14)42.41
LBB1.55
UBB1.74
1.64
+0.02 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.23%
1 Week-0.61%
2 Weeks-5.75%
1 Month-18%
3 Month-31.67%
6 Month-43.84%
12 Month-53.54%
2 Year-48.1%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%9.65%
ATR Inc15.99%
Range Today0.1
ADR(20)0.14
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.89
Mansfield-4.25
10 Day High1.75
10 Day Low1.52
20 Day High1.86
20 Day Low1.36
52 Week High3.84
52 Week Low1.36
CS1 End1.64
CR1 Start1.75
Volume & EV
DER(3)4.35%
DER(5)3.47%
Volume48.60M
Volume Incr2.98%
Vol(5)45.41M
Vol(50)44.77M