After completing its last trading session, W&T Offshore, Inc. (NYSE:WTI) spiked up by 7.0% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.14, an Accumulation/Distribution Index (ADI) of 0.14, an On-Balance Volume (OBV) of 105.794, and a Chaiikin Money Flow (CMF) of -5.42. 1.108
So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:
So there you have it – our analysis of W&T Offshore, Inc. (NYSE:WTI). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.