What Williams Companies’ Technical Indicators Suggest

Williams Companies (WMB) recently moved above its 200-day moving average, indicating bullishness. WMB was trading 5.5% above its 50-day SMA (simple moving average) and 2.3% below its 200-day SMA as of December 27, 2017. In comparison, peers Energy Transfer Equity (ETE) and Kinder Morgan (KMI) were trading 0.8% and 2.3% above their short-term SMAs. Higher natural gas prices and demand could push Williams Companies’ short-term moving average above its long-term moving average, resulting in further bullishness.

Short interest in Williams Companies stood at 16.2 million shares on December 27, 2017. WMB’s short interest as a percentage of float ratio was 2.9% on December 28, whereas its one-year average was 1.6% and 30-day average was 1.8%, indicating bearishness. In the next article, we’ll look at Williams Companies’ seven-day price forecast.