BAYTEX ENERGY CORP (BTE) Stock Technical Analysis
NYSE:BTE - New York Stock Exchange, Inc. - CA07317Q1054 - Common Stock - Currency: USD
Overall BTE gets a technical rating of 0 out of 10. 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.
92% of all other stocks performed better in the past year than BTE.
BTE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 85% of 213 stocks in the same industry do better.
BTE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BTE is lagging the market.
BTE has an average volume of 44493700 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 1.44 - 1.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTE has a poor technical rating and the quality of the setup is also 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
1.47
2.82
When analyzing the support we can see 2 important areas.
- Support @1.62 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.48 to 1.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.84 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.97 from a trend line in the daily time frame.
- Resistance @2.06 from a trend line in the weekly time frame.
- Resistance @2.79 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BTE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTE is down. |
| ChartMill Relative Strength | 8.24 | NEGATIVE | BTE has a low relative strength, it was outperformed by 91.76% 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) | DOWN | NEGATIVE | The current price of BTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.66 | NEUTRAL | The RSI value for BTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.6 | NEUTRAL | The Stochastics value for BTE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for BTE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.42 | 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)
1.64
+0.03 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.86%
1 Week-3.53%
2 Weeks0.61%
1 Month-0.61%
3 Month-32.51%
6 Month-45.7%
12 Month-52.46%
2 Year-48.1%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.47%
ATR Inc-39.86%
Range Today0.07
ADR(20)0.09
ADR(20)%5.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.24
Mansfield-4.12
10 Day High1.95
10 Day Low1.56
20 Day High1.95
20 Day Low1.44
52 Week High3.84
52 Week Low1.36
CS1 End1.62
CR1 Start1.84
Volume & EV
DER(3)3.98%
DER(5)4.49%
Volume52.04M
Volume Incr-20.29%
Vol(5)35.75M
Vol(50)44.49M