November 18, 2024
We’re revisiting Baytex Energy ($BTE) on the Toronto Stock Exchange, responding to a viewer’s request for an updated analysis. Trading at $3.98, the stock remains below the 50-week and 200-week moving averages, signaling potential downside risk. We examine a possible “death cross” and underscore a critical support level at $3.92, near the anchored VWAP. Should the price break below $3.80, accelerated selling may follow—a crucial point for investors assessing their positions. Watch our October 1, 2024 analysis of Baytex Energy here: https://www.youtube.com/watch?v=5cM1lF3B5p8
