The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Williams Cos.
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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 61.8% retracement level
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It was a first positive week for the Williams Cos. (WMB). During the week, the WMB gained 0.47 points, or 1.73%, and closed at 27.58 on Friday, July 06, 2018. Weekly volume was -18% below average.

Long-term trend: [See WMB long-term trend chart]
A long-term downtrend had started on January 24, 2018 at 33.67 and reached 24.00 on April 6, 2018. WMB lost 9.67 points, or 28.72%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (26.83) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See WMB medium-term trend chart]
A medium-term uptrend had started on April 6, 2018 at 24.00 and reached 28.23 on May 18, 2018. WMB gained -4.23 points, or -17.62%, in 6 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 26.83 and resistance is at 28.20. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See WMB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. 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 June 22, 2018 at 28.21 and reached 26.51 on July 2, 2018. WMB lost 1.70 points, or 6.03%, in 10 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (27.65) comes close to the price (27.58). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.40
Williams' Percentage Range (W%R) 39.80
Lane's Stochastic (%D-Slow) 41.82
Greed/Fear Indicator (GFI) 54.80
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.79
Williams' Percentage Range (W%R) 47.70
Lane's Stochastic (%D-Slow) 62.89
Greed/Fear Indicator (GFI) 57.71
Moving Average Converg./Diverg. (MACD) -0.73
Trading Signals
Description Value Chart
Monthly Trendline Resistance 28.20
Upper Bollinger Band 27.90
Parabolic System 27.65
Price 27.58
Weekly Stochastic Crossing 27.40
20 Day Moving Average 27.08
Daily Stochastic Crossing 27.06
50 Day Moving Average 26.87
Quarterly Trendline Support 26.83
Monthly Trendline Support 26.83
Lower Bollinger Band 26.30
Quarterly Trendline Resistance 25.99
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Oil & Gas Pipelines 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.21
High Date 06/22/2018
Low 26.51
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.93
Low Date 06/07/2018
High 28.21
High Date 06/22/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 28.20
Support 26.83
Low 24.00
Low Date 04/06/2018
High 28.23
High Date 05/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 25.99
Support 26.83
High 33.67
High Date 01/24/2018
Low 24.00
Low Date 04/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.38
High Date 06/22/2015
Low 10.22
Low Date 02/08/2016
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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