W&T OFFSHORE INC (WTI) Technical Analysis
NYSE:WTI • US92922P1066
Taking everything into account, WTI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WTI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, WTI did better than 95% of all other stocks.
- WTI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 92% of 207 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.
- 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 2726420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month WTI has a been trading in the 2.04 - 3.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
1.69
2 important support areas can be observed.
- Support @2.42 from a trend line in the daily time frame.
- Support @1.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.09 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 95.91 | POSITIVE | WTI has a high relative strength, it outperformed 95.91% 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) | 73.81 | 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) | 78.42 | NEUTRAL | The Stochastics value for WTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for WTI suggests high volalility. |
| Average Directional Index/ADX (14) | 33.54 | POSITIVE | The high ADX value value for WTI suggests a strong trend. |
WTI Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:WTI (3/4/2026, 9:46:10 AM)
2.88
-0.22 (-7.1%)
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 10 / 10 to WTI.
What is the current trend direction of W&T OFFSHORE INC (WTI) stock?
The current trend direction for W&T OFFSHORE INC (WTI) is Bullish.
What is the RSI signal for W&T OFFSHORE INC (WTI) stock?
W&T OFFSHORE INC (WTI) has an RSI value of 73.8057. This indicates that the stock is currently overbought.
What is the buy/sell signal for W&T OFFSHORE INC (WTI) stock?
The buy/sell signal for W&T OFFSHORE INC (WTI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for W&T OFFSHORE INC (WTI) stock?
W&T OFFSHORE INC (WTI) has a support level at 2.42. Check the full technical report for our detailed analysis of WTI support and resistance levels.