W&T OFFSHORE INC (WTI) Stock Technical Analysis
USA - NYSE:WTI - US92922P1066 - Common Stock
1.82 USD
+0.01 (+0.55%)
1.82 USD
0 (0%)
Taking everything into account, WTI scores 3 out of 10 in our technical rating. WTI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
87% of all other stocks performed better in the past year than WTI.
WTI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 210 stocks in the same industry do better.
In the last month WTI has a been trading in the 1.65 - 1.87 range, which is quite wide. It is currently trading near the high of this range.
WTI has an average volume of 1169880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
WTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WTI is lagging the market.
WTI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.78, a Stop Loss order could be placed below this zone.
More info and screens
1.62
1.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.75 to 1.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.69 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.64 to 1.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.83 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.94 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 | NEUTRAL | NEUTRAL | The short term trend for WTI is neutral. |
| ChartMill Relative Strength | 13.22 | NEGATIVE | WTI has a low relative strength, it was outperformed by 86.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WTI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WTI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.94 | NEUTRAL | The RSI value for WTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WTI has a positive trend. |
| Stochastics (14,3) | 51.11 | NEUTRAL | The Stochastics value for WTI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for WTI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.55 | NEGATIVE | The low ADX value for WTI suggests a weak or negative trend. |
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)
1.82
+0.01 (+0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.55%
1 Week2.84%
2 Weeks2.26%
1 Month7.74%
3 Month-15.81%
6 Month13.13%
12 Month-12.98%
2 Year-58.68%
3 Year-69.11%
5 Year0.56%
10 Year-39.67%
15 Year-82.92%
Volatility
ATR(14)0.06
ATR(20)%3.42%
ATR Inc24.22%
Range Today0.05
ADR(20)0.06
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.22
Mansfield-0.54
10 Day High1.85
10 Day Low1.71
20 Day High1.87
20 Day Low1.65
52 Week High2.84
52 Week Low1.09
CS1 End1.78
CR1 Start1.83
Volume & EV
DER(3)1.29%
DER(5)-2.02%
Volume1.23M
Volume Incr-2.03%
Vol(5)887.64K
Vol(50)1.17M