W&T OFFSHORE INC. - 15 min. - Technical analysis published on 02/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 3.11 USD
My targets
3.17 USD (+1.60%)
3.22 USD (+3.21%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on W&T OFFSHORE INC.. As long as you are above the support located at 3.11 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.17 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3.22 USD as an objective. Crossing it would then enable buyers to target 3.28 USD. If the support 3.11 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Ralhosni. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The W&T OFFSHORE INC. rating is 3.12 USD. The price registered a decrease of -0.64% on the session and was between 3.05 USD and 3.16 USD. This implies that the price is at +2.30% from its lowest and at -1.27% from its highest.3.05
3.16
3.12
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of W&T OFFSHORE INC. in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.86 | 2.94 | 3.02 | 3.12 | 3.16 | 3.26 | 3.71 |
| Change (%) | -8.33% | -5.77% | -3.21% | - | +1.28% | +4.49% | +18.91% |
| Change | -0.26 | -0.18 | -0.10 | - | +0.04 | +0.14 | +0.59 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.95 | 3.00 | 3.06 | 3.11 | 3.17 | 3.22 | 3.28 |
| Camarilla | 3.09 | 3.10 | 3.11 | 3.12 | 3.13 | 3.14 | 3.15 |
| Woodie | 2.96 | 3.00 | 3.07 | 3.11 | 3.18 | 3.22 | 3.29 |
| Fibonacci | 3.00 | 3.04 | 3.07 | 3.11 | 3.15 | 3.18 | 3.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.63 | 2.75 | 2.93 | 3.05 | 3.23 | 3.35 | 3.53 |
| Camarilla | 3.04 | 3.07 | 3.09 | 3.12 | 3.15 | 3.18 | 3.20 |
| Woodie | 2.67 | 2.77 | 2.97 | 3.07 | 3.27 | 3.37 | 3.57 |
| Fibonacci | 2.75 | 2.86 | 2.93 | 3.05 | 3.16 | 3.23 | 3.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.80 | 2.17 | 2.61 | 2.98 | 3.42 | 3.79 | 4.23 |
| Camarilla | 2.82 | 2.89 | 2.97 | 3.04 | 3.11 | 3.19 | 3.26 |
| Woodie | 1.83 | 2.19 | 2.64 | 3.00 | 3.45 | 3.81 | 4.26 |
| Fibonacci | 2.17 | 2.48 | 2.67 | 2.98 | 3.29 | 3.48 | 3.79 |
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): | 49.40 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 2.69 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 3.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.16 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 3.09 | |
| Zig ZAG (10): | 3.12 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 21.27 | |
| TEMA (21): | 3.13 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.36 |
| MA7: | 2.97 | |
| MA20: | 2.98 | |
| MA50: | 3.06 | |
| MA100: | 3.47 | |
| MAexp7: | 3.13 | |
| MAexp20: | 3.13 | |
| MAexp50: | 3.09 | |
| MAexp100: | 3.04 | |
| Price / MA7: | +5.05% | |
| Price / MA20: | +4.70% | |
| Price / MA50: | +1.96% | |
| Price / MA100: | -10.09% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +2.63% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on W&T OFFSHORE INC. at the time of the generation of this analysis was as follows:
- Thinking about buying stock in Barclays, Norwegian Cruise Line, Senseonics, W&T Offshore, or Transocean?
- W&T Offshore Provides Additional Hedge Positions
- W&T Offshore to Present at the Capital One Securities 13th Annual Energy Conference
- W&T Offshore Announces Executive Management Changes
- 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.
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