WMB closes lower for the 3rd day in a row

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.

Volatility

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.

Trend

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.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.