Williams Companies (WMB) fell below its 50-day simple moving average, driven by the recent decline. It’s currently trading 0.9% below its 50-day SMA (simple moving average) and 2.7% above its 200-day SMA, which might indicate bearish sentiment.
When a stock’s price exceeds a particular moving average, it’s a bullish sign, and vice versa. When a stock’s shorter moving average crosses over its longer moving average, it’s considered a “buy” signal for the stock.
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Williams Companies’ RSI (relative strength index) currently stands at 47.9. RSI is a momentum indicator measured by values between 0 and 100. Movements of below 30 are considered to be in the “oversold” zone, and movements above 70 are considered to be in the “overbought” zone.