Baytex Energy just broke out from trendline resistance (July 12, 2025) from resistance that started back in July of last year.
It was a huge volume spike. The price is trading just above my resistance line today.
Earnings forecast for the next quarter is down and that's probably why it has reached a low recently assuming investors are forward looking.
Earnings forecasts are higher after the next report. So, I think it may have bottomed out already.
It was a huge volume spike. The price is trading just above my resistance line today.
Earnings forecast for the next quarter is down and that's probably why it has reached a low recently assuming investors are forward looking.
Earnings forecasts are higher after the next report. So, I think it may have bottomed out already.
Order cancelled
Oil dropped significantly and so did BTE. It's back below trendline. If you're an investor, TipRanks projects a 12 month price between $2.50 and $5.00 with an average analyst price projection of $4.03.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.