W&T OFFSHORE INC.
1.73
USD
(+1.77%)
04/01/2025 - 07:25
Open 15 min delayed data - NYSE Stocks
| Open: | 1.70 |
| Change: | +0.03 |
| Volume: | 0 |
| Low: | 1.70 |
| High: | 1.75 |
| High / Low range: | 0.05 |
| Type: | Stocks |
| Ticker: | WTI |
| ISIN: |
W&T OFFSHORE INC. - 1H - Technical analysis published on 03/27/2024 (GMT)
- 129
- 0
- 03/27/2024 - 09:24
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- Timeframe : 1H
- - Analysis generated on 03/27/2024 - 09:24
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 2.58 USD
My targets
2.32 USD (-5.81%)
2.16 USD (-12.20%)
My analysis
The bearish trend is currently very strong for W&T OFFSHORE INC.. As long as the price remains below the resistance at 2.58 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.32 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.16 USD as an objective. Crossing it would then enable sellers to target 1.30 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Sazzy. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The W&T OFFSHORE INC. rating is 2.46 USD. The price is lower by -2.77% since the last closing and was traded between 2.46 USD and 2.56 USD over the period. The price is currently at 0% from its lowest and -3.91% from its highest.2.46
2.56
2.46
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by W&T OFFSHORE INC.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this W&T OFFSHORE INC. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.30 | 2.16 | 2.46 | 2.46 | 2.58 | 2.71 | 2.88 |
| Change (%) | -47.15% | -12.20% | 0% | - | +4.88% | +10.16% | +17.07% |
| Change | -1.16 | -0.30 | 0 | - | +0.12 | +0.25 | +0.42 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.33 | 2.39 | 2.43 | 2.49 | 2.53 | 2.59 | 2.63 |
| Camarilla | 2.43 | 2.44 | 2.45 | 2.46 | 2.47 | 2.48 | 2.49 |
| Woodie | 2.31 | 2.39 | 2.41 | 2.49 | 2.51 | 2.59 | 2.61 |
| Fibonacci | 2.39 | 2.43 | 2.46 | 2.49 | 2.53 | 2.56 | 2.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.17 | 2.32 | 2.42 | 2.57 | 2.67 | 2.82 | 2.92 |
| Camarilla | 2.46 | 2.48 | 2.51 | 2.53 | 2.55 | 2.58 | 2.60 |
| Woodie | 2.16 | 2.31 | 2.41 | 2.56 | 2.66 | 2.81 | 2.91 |
| Fibonacci | 2.32 | 2.41 | 2.47 | 2.57 | 2.66 | 2.72 | 2.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.31 | 2.50 | 2.76 | 2.95 | 3.21 | 3.40 | 3.66 |
| Camarilla | 2.89 | 2.93 | 2.97 | 3.01 | 3.05 | 3.09 | 3.13 |
| Woodie | 2.34 | 2.52 | 2.79 | 2.97 | 3.24 | 3.42 | 3.69 |
| Fibonacci | 2.50 | 2.68 | 2.78 | 2.95 | 3.13 | 3.23 | 3.40 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.15 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -7.82 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 2.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.54 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 2.56 | |
| Zig ZAG (10): | 2.46 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 8.33 | |
| TEMA (21): | 2.48 | |
| Williams %R (14): | -98.05 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -1.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.17 |
| MA7: | 2.56 | |
| MA20: | 2.65 | |
| MA50: | 2.82 | |
| MA100: | 3.11 | |
| MAexp7: | 2.49 | |
| MAexp20: | 2.52 | |
| MAexp50: | 2.55 | |
| MAexp100: | 2.59 | |
| Price / MA7: | -3.91% | |
| Price / MA20: | -7.17% | |
| Price / MA50: | -12.77% | |
| Price / MA100: | -20.90% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -2.38% | |
| Price / MAexp50: | -3.53% | |
| Price / MAexp100: | -5.02% |
Quotes :
03/26/2024 - 19:59
-
15 min delayed data
-
NYSE Stocks
News
The last news published on W&T OFFSHORE INC. at the time of the generation of this analysis was as follows:
- 03/05/2021 - 16:35 Thinking about buying stock in Barclays, Norwegian Cruise Line, Senseonics, W&T Offshore, or Transocean?
- 12/03/2018 - 21:34 W&T Offshore Provides Additional Hedge Positions
- 12/03/2018 - 12:00 W&T Offshore to Present at the Capital One Securities 13th Annual Energy Conference
- 11/06/2018 - 21:30 W&T Offshore Announces Executive Management Changes
- 10/31/2018 - 23:22 W&T Offshore Announces Third Quarter 2018 Results and Fourth Quarter 2018 Guidance
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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