W&T OFFSHORE INC (WTI) Stock Technical Analysis
NYSE:WTI - US92922P1066 - Common Stock
1.84 USD
+0.04 (+2.22%)
1.84 USD
0 (0%)
We assign a technical rating of 5 out of 10 to WTI. WTI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month WTI has a been trading in the 1.65 - 1.88 range, which is quite wide. It is currently trading near the high of this range.
WTI has an average volume of 2356950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WTI turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
WTI is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 54% of 208 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days.
WTI has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
1.62
2.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.74 to 1.75. 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 1.71. 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.85 to 1.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.88 from a horizontal line in the daily time frame.
- Resistance @1.99 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 | NEUTRAL | NEUTRAL | The short term trend for WTI is neutral. |
| ChartMill Relative Strength | 44.1 | NEUTRAL | WTI is not amongst the best or worst performers 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) | 58.86 | NEUTRAL | The RSI value for WTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WTI has a positive trend. |
| Stochastics (14,3) | 67.38 | NEUTRAL | The Stochastics value for WTI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for WTI suggests some volalility. |
| Average Directional Index/ADX (14) | 9.47 | 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)
1.84
+0.04 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.22%
1 Week5.75%
2 Weeks6.98%
1 Month0.55%
3 Month24.32%
6 Month10.18%
12 Month-19.65%
2 Year-54.9%
3 Year-71.69%
5 Year-17.49%
10 Year-48.46%
15 Year-79.65%
Volatility
ATR(14)0.08
ATR(20)%4.21%
ATR Inc13.63%
Range Today0.09
ADR(20)0.08
ADR(20)%4.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.1
Mansfield-0.32
10 Day High1.87
10 Day Low1.65
20 Day High1.88
20 Day Low1.65
52 Week High2.84
52 Week Low1.09
CS1 End1.75
CR1 Start1.85
Volume & EV
DER(3)0.17%
DER(5)-3%
Volume1.56M
Volume Incr-10.59%
Vol(5)1.21M
Vol(50)2.36M