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|It was the negative week for the Williams Cos. (WMB). During the week, the WMB dropped -1.01 points, or -3.41%, and closed at 28.58 on Friday, September 07, 2018. Weekly volume was 32% 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 April 6, 2018 at 24.00 and reached 32.22 on August 9, 2018. WMB gained -8.22 points, or -34.25%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (28.80) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 28.28 on September 7, 2018. WMB lost 3.94 points, or 12.23%, in 4 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend support line (30.01) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 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. 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 August 28, 2018 at 30.48 and reached 28.28 on September 7, 2018. WMB lost 2.20 points, or 7.22%, in 10 days. The price is now at the 13.64% retracement level.
Daily Technical Indicators: [See WMB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since August 13, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.