Technical Analysis for WTI - W&T Offshore, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 2.38 | -1.24% | -0.03 |
WTI closed down 1.24 percent on Thursday, April 18, 2024, on 84 percent of normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 7
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| Lower Bollinger Band Walk | Weakness | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| New 52 Week Closing Low | Bearish | -1.24% | |
| New 52 Week Low | Weakness | -1.24% | |
| Stochastic Reached Oversold | Weakness | -1.24% |
| Alert | Time |
|---|---|
| Down 1% | about 7 hours ago |
| 60 Minute Opening Range Breakdown | about 8 hours ago |
| Fell Below Previous Day's Low | about 8 hours ago |
| Up 2% | about 11 hours ago |
| New 52 Week Low | about 11 hours ago |
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- Earnings date: 05/07/2024
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.
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Petroleum Industry Petroleum Production Natural Gas Properties Permian Basin Offshore Drilling Natural Gas Producer
Classification
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Petroleum Industry Petroleum Production Natural Gas Properties Permian Basin Offshore Drilling Natural Gas Producer
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 4.5682 |
| 52 Week Low | 2.365 |
| Average Volume | 2,879,707 |
| 200-Day Moving Average | 3.48 |
| 50-Day Moving Average | 2.73 |
| 20-Day Moving Average | 2.59 |
| 10-Day Moving Average | 2.56 |
| Average True Range | 0.12 |
| RSI (14) | 31.51 |
| ADX | 18.59 |
| +DI | 17.28 |
| -DI | 28.50 |
| Chandelier Exit (Long, 3 ATRs) | 2.46 |
| Chandelier Exit (Short, 3 ATRs) | 2.72 |
| Upper Bollinger Bands | 2.81 |
| Lower Bollinger Band | 2.38 |
| Percent B (%b) | 0.01 |
| BandWidth | 16.63 |
| MACD Line | -0.07 |
| MACD Signal Line | -0.05 |
| MACD Histogram | -0.0189 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 2.55 | ||||
| Resistance 3 (R3) | 2.56 | 2.52 | 2.52 | ||
| Resistance 2 (R2) | 2.52 | 2.48 | 2.51 | 2.51 | |
| Resistance 1 (R1) | 2.45 | 2.45 | 2.43 | 2.44 | 2.50 |
| Pivot Point | 2.41 | 2.41 | 2.40 | 2.40 | 2.41 |
| Support 1 (S1) | 2.34 | 2.36 | 2.32 | 2.32 | 2.26 |
| Support 2 (S2) | 2.30 | 2.34 | 2.29 | 2.25 | |
| Support 3 (S3) | 2.23 | 2.30 | 2.24 | ||
| Support 4 (S4) | 2.21 |
