In-Depth Technical Analysis of WILLIAMS COS INC.

Our stock screener has identified WILLIAMS COS INC (NYSE:WMB) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:WMB.

Deciphering the Technical Picture of NYSE:WMB

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 7 out of 10 to WMB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WMB is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• WMB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WMB is performing more or less in line with the market.
• In the last month WMB has a been trading in the 33.73 - 36.32 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
• Looking at the yearly performance, WMB did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
• WMB is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 68% of 220 stocks in the same industry.

For an up to date full technical analysis you can check the technical report of WMB

Why is NYSE:WMB a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:WMB is 8:

WMB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.06, a Stop Loss order could be placed below this zone.

Trading setups like NYSE:WMB

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.