Williams Companies stock is currently trading at $25.26, almost 11% and 9% below its 50-day and 200-day moving average levels, respectively.
The large discount to both its simple moving average levels indicates weakness in its stock. These levels of ~$28.23 and $27.90 could act as resistances for the stock in the short term.
Relative strength index
Currently, Williams Companies stock is trading in the oversold zone with an RSI (relative strength index) of 14. The RSI is a momentum oscillator on a scale of zero to 100. A stock is considered oversold when its RSI score falls below 30 and overbought when its RSI score rises above 70. Extreme RSI values can imply an impending reversal in a stock’s direction.
On September 28, total shorted shares in Williams Companies stock were 32.7 million. The short interest in WMB fell a notable 10% by October 15, with its total shorted shares coming in at 29.3 million.
A fall in short interest could mean that fewer investors expect the stock to fall from its current price level. A company’s short interest indicates the number of its shares that have been sold short and not yet squared off. Short interest measures investors’ anxiety.