Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Energy / Oil, Gas & Consumable Fuels
Taking everything into account, WMB scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WMB is showing a nice and steady performance.
Besides having an excellent technical rating, WMB 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 59.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.59, a Stop Loss order could be placed below this zone.
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52.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.80 to 58.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.52 to 56.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 53.49 to 54.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.65 to 60.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.61 from a horizontal line in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.64 | 57.79 | 2.85 (4.70%) | 21.28% |
| An entry @60.64. This is a Buy Stop order right above the resistance zone. | An exit @57.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.85 points, which is 4.70%. | When investing 21.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.