WMB closes lower for the 3rd day in a row


Williams Companies Inc. (WMB) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

WMB breaks below 100-day moving average
WMB closes lower for the 3rd day in a row
WMB falls to lowest close since July 18th
WMB closes within previous day's range after lackluster session
WMB ends the day indecisive

Overview

Moving lower for the 3rd day in a row, WMB finished the week -1.71% lower at 28.09 after losing $0.10 (-0.35%) today. Today's closing price of 28.09 marks the lowest close since July 18th. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (WMB as at Sep 14, 2018):

Daily technical analysis candlestick chart for Williams Companies Inc. (WMB) as at Sep 14, 2018

Friday's trading range was $0.40 (1.42%), that's below last trading month's daily average range of $0.49. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

While the share is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive. The market broke below the 100-day moving average at 28.11 today for the first time since July 2nd.


Market Conditions for WMB as at Sep 14, 2018

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