In the meantime, A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. CapitalOne also remained covering WTI and has increased its forecast on November 05, 2020 with a “an Equal weight” recommendation from previously “an Underweight” rating. ROTH Capital revised its rating on April 17, 2020. It rated WTI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WTI
On Tuesday, W & T Offshore Inc [NYSE:WTI] saw its stock jump 0.87% to $1.16. Over the last five days, the stock has lost -2.52%. W & T Offshore Inc shares have fallen nearly -30.12% since the year began. Nevertheless, the stocks have fallen -49.12% over the past one year. While a 52-week high of $2.84 was reached on 01/16/25, a 52-week low of $1.09 was recorded on 04/09/25. SMA at 50 days reached $1.3820, while 200 days put it at $1.8435.
Levels Of Support And Resistance For WTI Stock
The 24-hour chart illustrates a support level at 1.1400, which if violated will result in even more drops to 1.1200. On the upside, there is a resistance level at 1.1900. A further resistance level may holdings at 1.2200. The Relative Strength Index (RSI) on the 14-day chart is 39.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0060, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.33%. Stochastics %K at 47.22% indicates the stock is a holding.
