W&T OFFSHORE INC (WTI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WTI - US92922P1066 - Common Stock
We assign a technical rating of 1 out of 10 to WTI. 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.
The technical rating of WTI is bad and it also does not present a quality setup 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.
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1.61
When analyzing the support we can see 2 important areas.
- Support @1.76 from a horizontal line in the weekly time frame.
- Support @1.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.21 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 | DOWN | NEGATIVE | The short term trend for WTI is down. |
| ChartMill Relative Strength | 54.92 | 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) | DOWN | NEGATIVE | The current price of WTI is below 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) | 44.07 | NEUTRAL | The RSI value for WTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.18 | OVERSOLD | The low Stochastics value suggests WTI may be oversold. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for WTI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.35 | NEGATIVE | The low ADX value for WTI suggests a weak or negative trend. |
1.79
+0.15 (+9.15%)
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 1 / 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 Bearish.
What is the RSI signal for W&T OFFSHORE INC (WTI) stock?
W&T OFFSHORE INC (WTI) has an RSI value of 44.0662. This indicates that the stock is currently neutral.
What is the support and resistance level for WTI stock?
W&T OFFSHORE INC (WTI) has a support level at 1.76 and a resistance level at 2.21. Check the full technical report for our detailed analysis of WTI support and resistance levels.