W&T OFFSHORE INC (WTI)       5.02  -0.02 (-0.4%)

5.02  -0.02 (-0.4%)

US92922P1066 - Common Stock - After market: 5.01 -0.01 (-0.2%)

Technical Rating

1

Overall WTI gets a technical rating of 1 out of 10. WTI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



WTI is part of the Oil, Gas & Consumable Fuels industry. There are 384 other stocks in this industry. WTI outperforms 80% of them.
WTI has an average volume of 3111370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WTI did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month WTI has a been trading in the 4.38 - 6.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
WTI is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -10.52% -10.04% -14.33% 18.96% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 84.75 3.57 - 9.16
WTI Weekly chart
WTI Daily chart

Support/Resistance Analysis


4.47

8.54
We found 1 important support area.
  • A support zone ranging from 4.52 to 4.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 5.65 to 5.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 6.11 to 6.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @8.46 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

5

WTI has a poor technical rating and the quality of the setup is also not perfect 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.


WTI Daily chart

W&T OFFSHORE INC5.02

NYSE:WTI (3/28/2023, 7:04:00 PM)-0.02 (-0.4%)

After market: 5.01 -0.01 (-0.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
Today-0.4%
1 Week-0.59%
2 Weeks-1.95%
1 Month-10.52%
3 Month-10.04%
6 Month-14.33%
Volatility
ATR(14)0.35
ATR(20)%7.16%
ATR Inc-37.22%
Range Today0.18
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.75
Mansfield-1.48
10 Day High5.19
10 Day Low4.38
20 Day High6.32
20 Day Low4.38
52 Week High9.16
52 Week Low3.57
CS1 End4.56
CR1 Start5.65
Volume & EV
DER(3)3.54%
DER(5)1.65%
Volume1.84M
Volume Incr-29.55%
Vol(5)2.64M
Vol(50)3.11M

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