W&T Technical Analysis (NYSE:WTI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The WTI stock chart pattern can give those who understand technical analysis an indication of which way WTI stock is headed, but cannot predict with 100% certainty as to what can happen to the W&T stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for W&T. The technical analysis form of W&T stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
W&T Moving Average
Moving averages help predict the price direction of WTI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.38 is above the price of $6.28.
W&T Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like W&T. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of W&T bollinger bands.
W&T Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The W&T MACD indicator is below 0 indicating a bearish trend.
W&T Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 19.34 is the RSI value of WTI stock.