W&T OFFSHORE INC (WTI) Stock Technical Analysis
USA - NYSE:WTI - US92922P1066 - Common Stock
2.26 USD
+0.02 (+0.89%)
2.24 USD
-0.02 (-0.88%)
Overall WTI gets a technical rating of 8 out of 10. Although WTI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
WTI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 83% of 211 stocks in the same industry.
WTI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WTI is lagging the market slightly.
In the last month WTI has a been trading in the 1.72 - 2.36 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
WTI has an average volume of 1510100 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 73% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WTI has an excellent technical rating, it does not offer a high 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.
More info and screens
1.63
2.28
We found 4 important support areas.
- A support zone ranging from 1.87 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.81 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.70 from a horizontal line in the daily time frame.
- Support @1.65 from a horizontal 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 | UP | POSITIVE | The long term trend for WTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTI is up. |
| ChartMill Relative Strength | 73.07 | POSITIVE | WTI has a high relative strength, it outperformed 73.07% off all stocks 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) | UP | POSITIVE | The current price of WTI is above 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) | 70.9 | OVERBOUGHT | The high RSI value suggests WTI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WTI has a positive trend. |
| Stochastics (14,3) | 90.29 | OVERBOUGHT | The high Stochastics value suggests WTI may be overbought. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for WTI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for WTI suggests a strong 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)
2.26
+0.02 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.89%
1 Week22.16%
2 Weeks14.72%
1 Month29.89%
3 Month24.86%
6 Month93.16%
12 Month0.89%
2 Year-45.54%
3 Year-70.22%
5 Year61.43%
10 Year-30.67%
15 Year-79.23%
Volatility
ATR(14)0.12
ATR(20)%4.66%
ATR Inc-12.68%
Range Today0.11
ADR(20)0.1
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.07
Mansfield1.83
10 Day High2.36
10 Day Low1.77
20 Day High2.36
20 Day Low1.72
52 Week High2.49
52 Week Low1.09
CS1 End1.87
CR1 StartN/A
Volume & EV
DER(3)-3.88%
DER(5)-3.51%
Volume3.22M
Volume Incr138.42%
Vol(5)3.61M
Vol(50)1.51M