Technical Analysis for WTI - W&T Offshore, Inc.

Grade Last Price % Change Price Change
grade C 4.595 2.57% 0.12
WTI closed up 0.67 percent on Wednesday, December 11, 2019, on 65 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
See historical WTI trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 2.57%
Lizard Bearish Bearish Day Trade Setup 2.57%
Doji - Bearish? Reversal 2.57%
Overbought Stochastic Strength 2.57%
Upper Bollinger Band Touch Strength 2.57%
Shooting Star Candlestick Bearish 3.26%
Stochastic Reached Overbought Strength 3.26%
Overbought Stochastic Strength 3.26%
MACD Bullish Centerline Cross Bullish 3.72%
20 DMA Support Bullish 6.86%
Older signals for WTI ...

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Profile

W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, engages in the exploration, development, and acquisition of oil and natural gas properties. The company has operations offshore in the Gulf of Mexico and onshore in the Permian Basin of West Texas and in East Texas. It holds working interests in approximately 72 offshore fields in federal and state waters. The company has interests in offshore leases covering approximately 1.4 million gross acres, including 710,000 gross acres on the Gulf of Mexico Shelf; 480,000 gross acres in the deepwater; and 220,000 gross acres onshore in Texas. Its estimated proved reserves totaled 117.5 MMBoe. The company was founded in 1983 and is headquartered in Houston, Texas.
Energy Oil Petroleum Industry Petroleum Production Natural Gas Properties Petroleum In The United States Offshore Drilling Natural Gas Producer

Is WTI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 7.17
52 Week Low 3.62
Average Volume 2,365,760
200-Day Moving Average 4.90
50-Day Moving Average 4.24
20-Day Moving Average 4.29
10-Day Moving Average 4.34
Average True Range 0.21
ADX 12.15
+DI 26.71
-DI 16.76
Chandelier Exit (Long, 3 ATRs ) 4.03
Chandelier Exit (Short, 3 ATRs ) 4.54
Upper Bollinger Band 4.61
Lower Bollinger Band 3.97
Percent B (%b) 0.8
BandWidth 14.90
MACD Line 0.04
MACD Signal Line 0.01
MACD Histogram 0.0291
Fundamentals Value
Market Cap 616.34 Million
Num Shares 138 Million
EPS 0.93
Price-to-Earnings (P/E) Ratio 4.82
Price-to-Sales 0.86
Price-to-Book 0.00
PEG Ratio -0.18
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.78
Resistance 3 (R3) 4.80 4.73 4.73
Resistance 2 (R2) 4.73 4.65 4.72 4.71
Resistance 1 (R1) 4.60 4.60 4.57 4.58 4.70
Pivot Point 4.53 4.53 4.51 4.52 4.53
Support 1 (S1) 4.40 4.45 4.37 4.38 4.26
Support 2 (S2) 4.33 4.40 4.32 4.25
Support 3 (S3) 4.20 4.33 4.23
Support 4 (S4) 4.18