Green day on Wednesday for Williams Companies
(Updated on Nov 29, 2023)
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The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.76% during the next 3 months and, with a 90% probability hold a price between $36.21 and $39.15 at the end of this 3-month period.
WMB Signals & Forecast
Mostly positive signals in the chart today. The Williams Companies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.18 and $35.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 02, 2023, and so far it has risen 10.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Williams Companies stock
On the downside, the stock finds support just below today's level from accumulated volume at $34.46 and $33.69. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Williams Companies finds support just below today's level at $34.46. If this is broken, then the next support from accumulated volume will be at $33.69 and $32.93.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.365 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: $35.13 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (WMB) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Williams Companies Inc (The) to open at $36.45, and during the day (based on 14 day Average True Range), to move between $35.85 and $37.03, which gives a possible trading interval of +/-$0.585 (+/-1.61%) up or down from last closing price. If Williams Companies Inc (The) takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.46, some $1.98 (5.43%) from the current price of $36.44, our system finds the risk reward attractive.
Is Williams Companies Inc (The) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Williams Companies stock to perform well in the short-term.
Current score: 4.931 Open Broker AccountBuy Candidate Unchanged
Predicted Opening Price for Williams Companies Inc (The) of Thursday, November 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price November 30, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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