W&T OFFSHORE INC (WTI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WTI - US92922P1066 - Common Stock
We assign a technical rating of 0 out of 10 to WTI. WTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WTI has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.66
We found 1 important support area.
- A support zone ranging from 1.68 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @1.93 from a horizontal line in the daily time frame.
- Resistance @2.21 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for WTI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WTI is down. |
| ChartMill Relative Strength | 35.36 | NEUTRAL | WTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WTI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.16 | NEUTRAL | The RSI value for WTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WTI has a negative trend. |
| Stochastics (14,3) | 2.15 | OVERSOLD | The low Stochastics value suggests WTI may be oversold. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for WTI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.7 | NEGATIVE | The low ADX value for WTI suggests a weak or negative trend. |
1.69
-0.08 (-4.52%)
W&T OFFSHORE INC / WTI FAQ
What is the ChartMill technical rating of W&T OFFSHORE INC (WTI) stock?
ChartMill assigns a technical rating of 0 / 10 to WTI.
Can you provide the trend direction for W&T OFFSHORE INC?
The current trend direction for W&T OFFSHORE INC (WTI) is Bearish.
What is the RSI signal for W&T OFFSHORE INC (WTI) stock?
W&T OFFSHORE INC (WTI) has an RSI value of 34.1632. This indicates that the stock is currently neutral.
What is the support and resistance level for WTI stock?
W&T OFFSHORE INC (WTI) has a support level at 1.68 and a resistance level at 1.93. Check the full technical report for our detailed analysis of WTI support and resistance levels.