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Uptrend ExhaustionArchive
- 12/13/2024 -
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Williams Cos. (WMB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Williams Cos. (WMB). During the week, the WMB dropped -2.42 points, or -4.26%, and closed at 54.43 on Friday, December 13, 2024. Weekly volume was 26% above average.
 Long-term trend: [See WMB long-term trend chart]
A long-term uptrend had started on March 19, 2020 at 8.41 and reached 60.36 on November 22, 2024. WMB gained -51.95 points, or -617.72%, in 244 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (36.17) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See WMB medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 27.80 and reached 60.36 on November 22, 2024. WMB gained -32.56 points, or -117.12%, in 87 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (37.31) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WMB weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 downtrend had started on November 22, 2024 at 60.36 and reached 54.14 on December 13, 2024. WMB lost 6.22 points, or 10.30%, in 21 days. Price is near the trend low.
 Daily Technical Indicators: [See WMB daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since November 26, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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