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A Look at Williams Companies’ Chart Indicators and Short Interest

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Moving averages

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.

WMB dma

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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.

Short interest

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.

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