Where Could Williams Companies Trade in the Coming Days?
Williams Companies’ moving averages
Currently, Williams Companies (WMB) is trading 4.1% above its 50-day simple moving average and 5.7% above its 200-day simple moving average. It might indicate bullish 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’ 30-day implied volatility of 26.0% is higher than the sector average of 15.9%. The difference could be due to recent volatility in crude oil prices. Williams Companies and its midstream subsidiary, Williams Partners (WPZ), have crude oil exposure through their NGL and Petchem business. However, Williams Partners’ commodity price exposure is expected to fall significantly after the sale of the Geismar plant. The partnership expects to generate 97% of the revenue from fee-based sources.
Based on the closing price of $30.18 on April 17 and assuming a normal distribution of prices, Williams Companies stock might trade at $29.09–$31.27 during the next few days. The price range calculation in the above graph uses one standard deviation, which means that the stock price is expected to be within this range 68.0% of the time.