The Greedy Trader Weekly Analysis
Sign In Apr 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 4/12/2019
Sign In to see current Signals.
Williams Cos.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtOversold sector
Daily :The period of low volatility of the stock price
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.58
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 37.25
Greed/Fear Indicator (GFI) 55.41
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.07
Overbought
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 87.79
Overbought
Greed/Fear Indicator (GFI) 81.07
Overbought
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Yearly Trendline Support 30.48
Yearly Trendline Resistance 30.43
Quarterly Trendline Resistance 30.43
Upper Bollinger Band 29.29
Weekly Stochastic Crossing 29.11
Price 28.94
Daily Stochastic Crossing 28.78
20 Day Moving Average 28.72
Parabolic System 28.61
Lower Bollinger Band 27.86
50 Day Moving Average 27.80
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Oil & Gas Pipelines 135
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 29.55
High Date 04/03/2019
Low 28.46
Low Date 04/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.36
Low Date 12/26/2018
High 29.55
High Date 04/03/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.22
High Date 08/09/2018
Low 20.36
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.43
Support 18.88
High 33.67
High Date 01/24/2018
Low 20.36
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 30.43
Support 30.48
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.

Copyright© 2004-2018 All rights reserved.