Baytex Energy Corp (NYSE:BTE) Went Up 4.1%, And Here’s Why

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For its latest trading sesion, Baytex Energy Corp (NYSE:BTE) spiked up by 4.1% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.043, an Accumulation/Distribution Index (ADI) of 0.043, an On-Balance Volume (OBV) of 12.496, and a Chaiikin Money Flow (CMF) of -1.45. 6.0

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Baytex Energy Corp (NYSE:BTE). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.