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Archive - 3/15/2024 - Sign In to see current Signals. |
Williams Cos. (WMB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Williams Cos. (WMB). During the week, the WMB gained 0.95 points, or 2.64%, and closed at 37.00 on Friday, March 15, 2024. Weekly volume was 20% above average. WMB is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See WMB long-term trend chart] A long-term uptrend had started on March 19, 2020 at 8.41 and reached 37.95 on June 3, 2022. WMB gained -29.54 points, or -351.25%, in 115 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 33.57 and resistance is at 39.54. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend. Medium-term trend: [See WMB medium-term trend chart] A medium-term uptrend had started on February 14, 2024 at 32.65 and reached 37.36 on March 13, 2024. WMB gained -4.71 points, or -14.43%, in 4 weeks. The price is now at the 7.64% retracement level. Weekly Technical Indicators: [See WMB weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help. Short-term trend: [See WMB short-term trend chart] A short-term uptrend had started on March 7, 2024 at 35.74 and reached 37.36 on March 13, 2024. WMB gained -1.62 points, or -4.53%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See WMB daily technical indicators chart] Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help. The daily MACD line is above its signal line since February 16, 2024. This is an indication that the short-term trend is up. A Parabolic SAR (stop and reversal) indicator (36.65) comes close to the price (37.00). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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