A Look at Williams Companies’ Technical Indicators


Apr. 6 2018, Updated 1:25 p.m. ET

Williams Companies’ moving averages

Williams Companies (WMB) is trading below its short-term (50-day) and long-term (200-day) moving averages due to its recent weakness. Its short-term moving average recently fell below its 200-day moving average, which indicates a bearish sentiment in the stock. 

WMB was trading 12.1% below its 50-day SMA (simple moving average) and 16.0% below its 200-day SMA on April 5, 2018. Among WMB’s peers, Energy Transfer Equity (ETE) and Enterprise Products Partners (EPD) were trading 15.3% and 6.5%, respectively, below their long-term simple moving averages. This trend indicates a general negative sentiment in the midstream sector. si

Article continues below advertisement

Several factors could push Williams Companies above its long-term moving average, resulting in a bullish viewpoint. These factors include positive 1Q18 earnings surprises, a recovery in Northeast drilling activity, the announcement of new projects, FERC[1. Federal Energy Regulatory Commission] approval on Rivervale South to market, and the Gateway projects. Until then, WMB’s stock performance could remain sluggish amid the rise in global war tensions and the uncertainty surrounding the FERC tax ruling.

Short interest in Williams Companies

Short interest in Williams Companies was 22.7 million shares on March 30, 2018. Short interest in WMB as a percentage of its float ratio of ~2.8% is higher than its 30-day average of 2.4%. Moreover, it is higher than the one-year average of ~1.8%, which indicates a bullish outlook on WMB stock. An increase in short interest means an increase in open short positions and the expectation by market participants for the stock to fall.

In the next article, we’ll look into Williams Companies’ seven-day price forecast.


More From Market Realist

  • Recon Africa employees
    Energy & Utilities
    Is Recon Africa a Multi Bagger Stock You Should Buy?
  • Dr. Donald Sadoway (second from left) pictured with Paula S. Aspell, David Pogue, and Chris Schmidt
    Energy & Utilities
    Ambri Expands in the Liquid Metal Battery Space, Still Privately Held
  • Valero gas station
    Energy & Utilities
    Valero Energy’s Prospects in 2021, Rebound in Energy and Gas
  • Crude oil pumpjack
    Energy & Utilities
    Oil Stocks Are Going Down, Lower Prices Could Help Markets
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.