Williams-Sonoma Inc Stock Forecast
Williams-Sonoma Inc stock price ended on $121.66 on Friday after gaining 2.93%
(Updated on Mar 31, 2023)
The Williams-Sonoma Inc stock price gained 2.93% on the last trading day (Friday, 31st Mar 2023), rising from $118.20 to $121.66. During the last trading day the stock fluctuated 2.84% from a day low at $118.47 to a day high of $121.84. The price has been going up and down for this period, and there has been a 4.11% gain for the last 2 weeks. Volume fell on the last day by -405 thousand shares and in total, 1 million shares were bought and sold for approximately $128.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.83% during the next 3 months and, with a 90% probability hold a price between $110.11 and $132.22 at the end of this 3-month period.
WSM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 17, 2023, and so far it has risen 4.11%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Williams-Sonoma Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $123.06. On a fall, the stock will find some support from the short-term average at $118.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Williams-Sonoma Inc stock
Williams-Sonoma Inc finds support from accumulated volume at $119.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.37 (2.84%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: $116.14 (-4.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (WSM) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Williams-Sonoma Inc to open at $120.66, and during the day (based on 14 day Average True Range), to move between $117.84 and $125.48, which gives a possible trading interval of +/-$3.82 (+/-3.14%) up or down from last closing price. If Williams-Sonoma Inc takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $119.95 (1.41%) than the resistance at $123.99 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Williams-Sonoma Inc stock A Buy?
Williams-Sonoma Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.871 Open Broker Account
Hold/Accumulate UnchangedPredicted Opening Price for Williams-Sonoma Inc of Monday, April 3, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price April 3, 2023 | Current price |
|---|---|
| $120.66 | $121.66 (Overvalued) |
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Trading levels for WSM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.03 | 1.95 % | |
| R2 | 122.74 | 0.89 % | ||
| R1 | 121.94 | 0.233 % | ||
| Current price: | 121.66 | |||
| Support | S1 | 119.37 | -1.88 % | |
| S2 | 118.57 | -2.54 % | ||
| S3 | 117.29 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.56 | 18.00 % | |
| R2 | 124.40 | 2.25 % | ||
| R1 | 123.99 | 1.92 % | ||
| Current price | 121.66 | |||
| Support | S1 | 119.95 | -1.41% | |
| S2 | 118.20 | -2.84% | ||
| S3 | 116.86 | -3.95% |
FAQ
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About Williams-Sonoma Inc
Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essen... WSM Profile
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