W&T OFFSHORE INC (WTI) Stock Technical Analysis
USA - NYSE:WTI - US92922P1066 - Common Stock
We assign a technical rating of 4 out of 10 to WTI. In the last year, WTI was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
WTI has an average technical rating and the quality of the presented setup is also not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.63
3 important support areas can be observed.
- Support @1.92 from a trend line in the daily time frame.
- A support zone ranging from 1.70 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.93 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.24 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 | UP | POSITIVE | The long term trend for WTI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WTI is down. |
| ChartMill Relative Strength | 57.26 | 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) | UP | MIXED | The current price of WTI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.49 | NEUTRAL | The RSI value for WTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.56 | NEUTRAL | The Stochastics value for WTI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for WTI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for WTI suggests a weak or negative trend. |
1.92
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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 4 / 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 Bullish.
What is the RSI signal for W&T OFFSHORE INC (WTI) stock?
W&T OFFSHORE INC (WTI) has an RSI value of 44.4857. This indicates that the stock is currently neutral.
What is the buy/sell signal for WTI stock?
The buy/sell signal for W&T OFFSHORE INC (WTI) is hold as the short term and long term trends are mixed.
What is the support and resistance level for WTI stock?
W&T OFFSHORE INC (WTI) has a support level at 1.92 and a resistance level at 1.93. Check the full technical report for our detailed analysis of WTI support and resistance levels.