The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Williams Cos.
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Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range is oversold
Daily :Broken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Williams Cos. (WMB). During the week, the WMB dropped -0.84 points, or -3.32%, and closed at 24.48 on Friday, December 07, 2018. It was the worst weekly loss since October 26, 2018. Weekly volume was 17% above average.

WMB is a member of Basic Materials Sector. Basic Materials is the 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 (28.31) 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 August 9, 2018 at 32.22 and reached 23.54 on October 30, 2018. WMB lost 8.68 points, or 26.94%, in 11 weeks. The price is now at the 10.83% retracement level.

Weekly Technical Indicators: [See WMB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.

The weekly MACD line is below its signal line since September 21, 2018. This is an indication that the medium-term trend is down. 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 October 30, 2018 at 23.54 and reached 26.54 on November 7, 2018. WMB gained -3.00 points, or -12.74%, in 8 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (25.44) 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 short-term trend.

Daily Technical Indicators: [See WMB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 2, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.51
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 51.01
Greed/Fear Indicator (GFI) 44.10
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.88
Williams' Percentage Range (W%R) 85.60
Oversold
Lane's Stochastic (%D-Slow) 31.85
Greed/Fear Indicator (GFI) 28.52
Moving Average Converg./Diverg. (MACD) -0.51
Trading Signals
Description Value Chart
Yearly Trendline Support 28.31
Parabolic System 25.96
Weekly Trendline Resistance 25.92
Upper Bollinger Band 25.91
50 Day Moving Average 25.83
Weekly Trendline Support 25.44
20 Day Moving Average 25.01
Daily Stochastic Crossing 24.85
Weekly Stochastic Crossing 24.68
Price 24.48
Lower Bollinger Band 24.37
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Oil & Gas Pipelines 37
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 25.98
High Date 12/04/2018
Low 23.79
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 25.92
Support 25.44
Low 23.54
Low Date 10/30/2018
High 26.54
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.22
High Date 08/09/2018
Low 23.54
Low Date 10/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.67
High Date 01/24/2018
Low 23.54
Low Date 10/30/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 31.34
Support 28.31
Low 10.22
Low Date 02/08/2016
High 33.67
High Date 01/24/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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