Williams Companies’ moving averages

Williams Companies (WMB) was trading 0.5% above its 50-day simple moving average and 1.4% above its 200-day simple moving average as of October 12, 2017. It might indicate bullish sentiment in the stock. In comparison, Enterprise Product Partners (EPD) and Kinder Morgan (KMI) were trading 1.5% and 7.1% below the 200-day simple moving average.

Analyzing Williams Companies’ Technical Indicators

Short interest

The short interest in Williams Companies was ~14.5 million shares as of October 12, 2017. The short interest in Williams Companies as a percentage of float was 1.8% as of October 12. It’s slightly higher compared to last month’s average of 1.7%. A rise in the short interest indicates increased short positions that haven’t been closed. It might indicate bearish sentiment in the stock. However, the short interest in the C-corporation is still lower compared to the three-year and one-year average of 2.30% and 1.80%, respectively.

Williams Companies’ RSI

Williams Companies’ RSI (relative strength index) was 51.9 as of October 12, 2017. Currently, Williams Companies isn’t overbought or oversold. However, it’s close to entering the overbought zone.

An RSI value below 30 for a stock indicates that it is “oversold,” while an RSI value above 70 indicates that it’s “overbought.” RSI value lies between zero and 100.

We’ll discuss Williams Companies’ price forecast in the next part.

Latest articles

Apple (AAPL) investors have had a roller coaster week. Apple stock has lost just under 2% in a week, ending on August 23, 2019.

Competition taking a toll on Netflix as its share of US subscription video streaming market keep falling as rivals gain ground.

Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.

Apple stock fell 4.6% as the US-China trade war intensified today. China warned of tariffs on more US goods, followed by Trump's tweeted response.

In response to new tariffs from China and President Trump's tweets, the market tanked to session lows on Friday. The DJIA nosedived more than 600 points.

Coverage on Cresco Labs has increased from seven analysts in July to nine in August. Six analysts favor a “strong buy,” and three recommend a “buy.”