BAYTEX ENERGY CORP (BTE) Stock Technical Analysis
USA - NYSE:BTE - CA07317Q1054 - Common Stock
2.25 USD
0 (0%)
2.26 USD
+0.01 (+0.44%)
Taking everything into account, BTE scores 4 out of 10 in our technical rating. In the last year, BTE was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, BTE is a bad performer in the overall market: 72% of all stocks are doing better.
In the last month BTE has a been trading in the 2.22 - 2.71 range, which is quite wide. It is currently trading near the lows of this range.
BTE has an average volume of 23267200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BTE is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 51% of 211 stocks in the same industry.
BTE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTE is lagging the market.
BTE has an average technical rating and also the quality of the setup is 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
2.17
2.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.24 to 2.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.19 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.25 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.46 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.53 to 2.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for BTE is down. |
| ChartMill Relative Strength | 28.67 | NEGATIVE | BTE has a low relative strength, it was outperformed by 71.33% 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 | MIXED | The current price of BTE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BTE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.9 | NEUTRAL | The RSI value for BTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTE has a negative trend. |
| Stochastics (14,3) | 10.21 | OVERSOLD | The low Stochastics value suggests BTE may be oversold. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for BTE suggests a possible start of a new 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)
2.25
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-3.85%
2 Weeks-5.06%
1 Month-5.86%
3 Month14.21%
6 Month29.31%
12 Month-22.68%
2 Year-47.92%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%4.86%
ATR Inc-23.01%
Range Today0.05
ADR(20)0.1
ADR(20)%4.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.67
Mansfield-0.86
10 Day High2.71
10 Day Low2.22
20 Day High2.71
20 Day Low2.22
52 Week High3.18
52 Week Low1.36
CS1 End2.24
CR1 Start2.25
Volume & EV
DER(3)4.68%
DER(5)6.16%
Volume19.29M
Volume Incr-35.03%
Vol(5)18.63M
Vol(50)23.27M