W&T OFFSHORE INC (WTI) Stock Technical Analysis
NYSE:WTI - New York Stock Exchange, Inc. - US92922P1066 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to WTI. WTI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month WTI has a been trading in the 1.62 - 2.49 range, which is quite wide. It is currently trading near the lows of this range.
WTI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 73% of 211 stocks in the same industry.
WTI has an average volume of 2468070 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!
When comparing the yearly performance of all stocks, we notice that WTI is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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 only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone.
More info and screens
1.61
2.34
2 important support areas can be observed.
- A support zone ranging from 1.72 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.86 from a horizontal line in the daily time frame.
- Resistance @2.09 from a trend line in the weekly time frame.
- Resistance @2.32 from a trend line in the daily 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 | 70.34 | POSITIVE | WTI has a high relative strength, it outperformed 70.34% off all stocks 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 | POSITIVE | The current price of WTI is above the rising 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) | 52.21 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 22.05 | NEUTRAL | The Stochastics value for WTI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.27 | HIGH VOLATILITY | The high ATR as a percentage value for WTI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.77 | NEUTRAL | The ADX value for WTI suggests a possible start of a new 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)
1.81
+0.03 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.69%
1 Week2.26%
2 Weeks4.62%
1 Month-3.21%
3 Month54.7%
6 Month5.85%
12 Month-24.9%
2 Year-58.68%
3 Year-63.58%
5 Year-19.91%
10 Year-51.99%
15 Year-80.35%
Volatility
ATR(14)0.14
ATR(20)%9.27%
ATR Inc-57.87%
Range Today0.06
ADR(20)0.15
ADR(20)%8.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.34
Mansfield-0.8
10 Day High1.87
10 Day Low1.62
20 Day High2.49
20 Day Low1.62
52 Week High2.84
52 Week Low1.09
CS1 End1.76
CR1 Start1.86
Volume & EV
DER(3)0.45%
DER(5)1.79%
Volume960.50K
Volume Incr-57.88%
Vol(5)1.64M
Vol(50)2.47M