NYSE:BTE • CA07317Q1054
We assign a technical rating of 8 out of 10 to BTE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTE is showing a nice and steady performance.
BTE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
2.67
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice one important area.
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 | NEUTRAL | NEUTRAL | The short term trend for BTE is neutral. |
| ChartMill Relative Strength | 83.95 | POSITIVE | BTE has a high relative strength, it outperformed 83.95% 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) | 53.13 | 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) | 54.72 | NEUTRAL | The Stochastics value for BTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for BTE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for BTE suggests a weak or negative trend. |
3.47
+0.08 (+2.36%)
ChartMill assigns a technical rating of 8 / 10 to BTE.
The current trend direction for BAYTEX ENERGY CORP (BTE) is Bullish.
BAYTEX ENERGY CORP (BTE) has an RSI value of 53.1344. This indicates that the stock is currently neutral.
The short term momentum for BAYTEX ENERGY CORP (BTE) is neutral.
BAYTEX ENERGY CORP (BTE) has a support level at 3.38 and a resistance level at 3.5. Check the full technical report for our detailed analysis of BTE support and resistance levels.