WMB closes lower for the 3rd day in a row
Williams Cos. (WMB) Technical Analysis Report for Sep 14, 2018
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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