W&T OFFSHORE INC (WTI) 5.73 +0.22 (+3.99%)
5.73 +0.22 (+3.99%)
US92922P1066 - Common Stock - After market: 5.73 0 (0%)
Technical Rating
Taking everything into account, WTI scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, WTI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Statistics
Support/Resistance Analysis
3.12
- A support zone ranging from 4.88 to 4.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.75 to 4.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.15 from a trend line in the daily time frame.
- Support @3.85 from a trend line in the weekly time frame.
- Support @3.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.79 to 5.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Setup Analysis
Setup Rating
Besides having an excellent technical rating, WTI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.99, a Stop Loss order could be placed below this zone.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.85 | 4.87 | 0.98 (16.75%) | 5.97% |
| An entry @5.85. This is a Buy Stop order right above the resistance zone. | An exit @4.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.98 points, which is 16.75%. | For a 1.00% total portfolio risk, you can invest 5.97% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
W&T OFFSHORE INC5.73
NYSE:WTI (5/16/2022, 4:35:20 PM)+0.22 (+3.99%)
| GICS Sector | Energy | ||
| GICS Industry | Oil, Gas & Consumable Fuels | ||
| Today | 3.99% | 1 Week | 16.23% |
| 2 Weeks | 24.3% | 1 Month | 17.18% |
| 3 Month | 35.14% | 6 Month | 60.96% |
| ATR(14) | 0.47 | ATR(20)% | 8.08% |
| ATR Inc | -11.71% | Range Today | 0.42 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 97.85 | Mansfield | 5.21 |
| 10 Day High | 5.98 | 10 Day Low | 4.6 |
| 20 Day High | 5.98 | 20 Day Low | 4.36 |
| 52 Week High | 6.68 | 52 Week Low | 2.64 |
| CS1 End | 4.99 | CR1 Start | 5.79 |
| DER(3) | 2.63% | DER(5) | 2.68% |
| Volume | 4.49M | Volume Incr | -6.17% |
| Vol(5) | 4.63M | Vol(50) | 5.49M |
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