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

Grade Last Price % Change Price Change
D 2.27 3.18% 0.07
WTI closed up 3.18 percent on Wednesday, July 3, 2024, on 60 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
50 DMA Resistance Bearish 3.18%
Pocket Pivot Bullish Swing Setup 3.18%
Bollinger Band Squeeze Range Contraction 3.18%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 8 hours ago
60 Minute Opening Range Breakout about 10 hours ago
Rose Above Previous Day's High about 10 hours ago
Up 3% about 11 hours ago
Up 2% about 11 hours ago

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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.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Petroleum Industry Petroleum Production Natural Gas Properties Permian Basin 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 4.4542
52 Week Low 1.995
Average Volume 1,707,790
200-Day Moving Average 2.99
50-Day Moving Average 2.23
20-Day Moving Average 2.13
10-Day Moving Average 2.16
Average True Range 0.09
RSI (14) 57.81
ADX 16.56
+DI 24.35
-DI 15.28
Chandelier Exit (Long, 3 ATRs) 2.02
Chandelier Exit (Short, 3 ATRs) 2.26
Upper Bollinger Bands 2.25
Lower Bollinger Band 2.01
Percent B (%b) 1.07
BandWidth 11.64
MACD Line -0.01
MACD Signal Line -0.04
MACD Histogram 0.0252
Fundamentals Value
Market Cap 332.72 Million
Num Shares 147 Million
EPS 0.40
Price-to-Earnings (P/E) Ratio 5.68
Price-to-Sales 0.71
Price-to-Book 13.98
PEG Ratio -0.18
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.41
Resistance 3 (R3) 2.40 2.34 2.38
Resistance 2 (R2) 2.34 2.31 2.35 2.37
Resistance 1 (R1) 2.31 2.29 2.33 2.32 2.37
Pivot Point 2.25 2.25 2.26 2.26 2.25
Support 1 (S1) 2.22 2.22 2.24 2.23 2.17
Support 2 (S2) 2.16 2.20 2.17 2.17
Support 3 (S3) 2.13 2.16 2.16
Support 4 (S4) 2.14