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|It was the negative week for the Williams Cos. (WMB). During the week, the WMB gave back -0.17 points, or -0.58%, and closed at 28.94 on Friday, April 12, 2019. Weekly volume was -42% below average. |
WMB is a member of Basic Materials Sector. Basic Materials is the second most oversold 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 February 8, 2016 at 10.22 and reached 33.67 on January 24, 2018. WMB gained -23.45 points, or -229.45%, in 102 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (30.48) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See WMB medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 33.67 and reached 20.36 on December 26, 2018. WMB lost 13.31 points, or 39.53%, in 48 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 18.88 and resistance is at 30.43. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See WMB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 18, 2019. Use the following link to access a MACD help.
Short-term trend: [See WMB short-term trend chart]
A short-term downtrend had started on April 3, 2019 at 29.55 and reached 28.46 on April 11, 2019. WMB lost 1.09 points, or 3.69%, in 8 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See WMB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 4, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The distance between the Bollinger Bands is falling, and it was 4.98% on Friday. It is 54.16% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.