Analyzing Williams Companies’ Technical Indicators

Williams Companies’ moving averages

Williams Companies (WMB) was trading 0.5% above its 50-day simple moving average and 1.4% above its 200-day simple moving average as of October 12, 2017. It might indicate bullish sentiment in the stock. In comparison, Enterprise Product Partners (EPD) and Kinder Morgan (KMI) were trading 1.5% and 7.1% below the 200-day simple moving average.

Analyzing Williams Companies’ Technical Indicators

Short interest

The short interest in Williams Companies was ~14.5 million shares as of October 12, 2017. The short interest in Williams Companies as a percentage of float was 1.8% as of October 12. It’s slightly higher compared to last month’s average of 1.7%. A rise in the short interest indicates increased short positions that haven’t been closed. It might indicate bearish sentiment in the stock. However, the short interest in the C-corporation is still lower compared to the three-year and one-year average of 2.30% and 1.80%, respectively.

Williams Companies’ RSI

Williams Companies’ RSI (relative strength index) was 51.9 as of October 12, 2017. Currently, Williams Companies isn’t overbought or oversold. However, it’s close to entering the overbought zone.

An RSI value below 30 for a stock indicates that it is “oversold,” while an RSI value above 70 indicates that it’s “overbought.” RSI value lies between zero and 100.

We’ll discuss Williams Companies’ price forecast in the next part.