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
We assign a technical rating of 7 out of 10 to WMB. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, WMB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 58.61, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
52.96
We found 3 important support areas.
- A support zone ranging from 57.97 to 58.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.60 to 56.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 53.49 to 55.52. 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.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMB is neutral. |
| ChartMill Relative Strength | 91.17 | POSITIVE | WMB has a high relative strength, it outperformed 91.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WMB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.51 | NEUTRAL | The RSI value for WMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WMB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.58 | NEUTRAL | The Stochastics value for WMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for WMB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.95 | NEGATIVE | The low ADX value for WMB suggests a weak or negative trend. |
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 | 57.96 | 2.68 (4.42%) | 22.63% |
| An entry @60.64. This is a Buy Stop order right above the resistance zone. | An exit @57.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.68 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.63% of your capital in this trade. |
- 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.