Question 1

What does the Stochastic Oscillator suggest about BTE's trend?

Accepted Answer

Expect a price pull-back in the near future.

Question 2

How did BTE's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on BTE as a result. In 67 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 3

What does MACD indicator imply for BTE?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for BTE just turned positive on August 14, 2024. Looking at past instances where BTE's MACD turned positive, the stock continued to rise in 36 of 45 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for BTE?

Accepted Answer

BTE moved above its 50-day moving average on August 12, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for BTE?

Accepted Answer

The 10-day moving average for BTE crossed bearishly below the 50-day moving average on August 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day price advance indicate for BTE?

Accepted Answer

Following a +3.44% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTE advanced for three days, in 253 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for BTE's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

What does BTE breaking above its upper Bollinger Band indicate?

Accepted Answer

BTE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on BTE's trend?

Accepted Answer

The Aroon Indicator for BTE entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

BTE Stock Baytex Energy (BTE, $3.33) entered Downtrend as Momentum indicator drops below 0 level on Jun 07, 2024

BTE's Stochastic Oscillator sits in overbought zone for 2 days

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