W&T OFFSHORE INC (WTI)

US92922P1066 - Common Stock

2.13  -0.12 (-5.33%)

After market: 2.15 +0.02 (+0.94%)

Technical Rating and Analysis

0

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
92% of all other stocks performed better in the past year than WTI.
WTI is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 92% are performing better than WTI.
WTI is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month WTI has a been trading in the 2.11 - 2.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
WTI has an average volume of 1915090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
WTI Weekly chart
WTI Daily chart
Setup Rating and Analysis

3

The technical rating of WTI is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

2.11

2.49

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 2.28 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.40 to 2.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.57
Mansfield-4.48
10 Day High2.43
10 Day Low2.11
20 Day High2.48
20 Day Low2.11
52 Week High4.51
52 Week Low2.11
Performance
1 Week-8.19%
2 Weeks-11.25%
1 Month-5.33%
3 Month-29.47%
6 Month-35.65%
12 Month-47.15%
2 Year-68.35%
3 Year-43.05%
5 Year-49.29%
10 Year-85.48%
15 Year-79.12%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)34.46
LBB2.15
UBB2.46
WTI Daily chart

W&T OFFSHORE INC

NYSE:WTI (5/29/2024, 3:57:52 PM)

After market: 2.15 +0.02 (+0.94%)

2.13

-0.12 (-5.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-5.33%
1 Week-8.19%
2 Weeks-11.25%
1 Month-5.33%
3 Month-29.47%
6 Month-35.65%
12 Month-47.15%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.09
ATR(20)%4.34%
ATR Inc
Range Today0.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.43
10 Day Low2.11
20 Day High2.48
20 Day Low2.11
52 Week High4.51
52 Week Low2.11
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.77M
Volume Incr35.17%
Vol(5)2.13M
Vol(50)1.92M