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Oil & Gas Storage & Transportation Industry Stocks Technical Analysis - WMBArchive
- 4/5/2024 -
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Williams Cos. (WMB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Williams Cos. (WMB). During the week, the WMB climbed 0.26 points, or 0.67%, and closed at 39.23 on Friday, April 5, 2024. WMB was trading at average weekly trading volume.
WMB is a member of Energy Sector. Energy is the most overbought 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 March 24, 2023 at 27.80 and reached 39.76 on April 4, 2024. WMB gained -11.96 points, or -43.02%, in 53 weeks. Price is near the trend high.
 Medium-term trend: [See WMB medium-term trend chart]
A medium-term uptrend had started on February 14, 2024 at 32.65 and reached 39.76 on April 4, 2024. WMB gained -7.11 points, or -21.78%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (39.40) 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 medium-term trend.
 Weekly Technical Indicators: [See WMB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since March 8, 2024. 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 uptrend had started on March 26, 2024 at 37.98 and reached 39.76 on April 4, 2024. WMB gained -1.78 points, or -4.69%, in 9 days. The price is now at the 29.78% retracement level.
 Daily Technical Indicators: [See WMB daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since February 16, 2024. 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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