Baytex Energy Technical Analysis (NYSE:BTE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Baytex Energy stock price data and volume are plotted in BTE stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Baytex Energy. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Baytex Energy stock analysis.
Baytex Energy Moving Average
Moving averages show the average price of BTE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $2.84 is above the price of $2.59.
Baytex Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Baytex Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Baytex Energy bollinger bands show that the stock price is $2.59, upper band is 3.46, lower band is 2.21, and the average is 2.84.
Baytex Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Baytex Energy MACD line is below the signal line.
Baytex Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 27.43 is the RSI value of BTE stock.