WMB stock: buy or sell
Jul 29th, 2021
WMB stock brief
- Williams closed on Wednesday at $25.30 after barely changing a 0.12%.
- Williams is presenting its earnings report on Monday
- The stock is configuring an uptrend pattern since November 2020, when it bottomed at $17.38. This uptrend marked a 45.57% gain
- The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States.
Should I buy Williams stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $WMB stock a buy?
Currently, Williams stock matches one trading strategy:
Uptrend buy setup
Williams stock continues to trend higher since in November 2020 and has marked a gorgeous 45.57% gain. Price marked a local bottom in this uptrend at $24.35 on July 19, and since then it bounced up a 3.90%. Now, it's just 10.99% away from breaking out above its last top and resume the uptrend. The new buy point is therefore at $28.08. If you decide to enter this trade, the suggested stop loss is at $25.27
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$28.08||$25.27||10.00%|
Should I sell Williams stock?
When is it time to sell Williams stock?. As when we have to buy shares, choosing when is appropiate time to sell is not a haphazard decision, and we must use our own trading style. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for shorting $WMB stock
As a golden rule, you should not hold a trade that yields higher than expected losses at the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Williams stock?
In the current situation of Williams there is not any eligible sell setup, so Williams stock holders with operations in profit can keep their positions
We don't have any rating posted in the previous 30 days for Williams
Williams stock analysis
Williams stock started an uptrend in November 2020, and gained an amazing 45.57%. The chart shows higher peaks and higher troughs, and along the way provided some buying opportunities for those who wanted to invest. Latest low was on July 19, when price bounced at $24.35. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $28.08 and $24.35
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on July 20, the price has bounced up by 2.55%
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 42.17. Williams price tanked a 8.83% since then
Williams stock price history
Williams IPO was on Dec 31st, 1981 priced at $0.79 per share1. Since then, WMB stock has risen by 3,102.53%, with an average of 79.55% per year. If you had invested $1,000USD in Williams stock on the IPO, it would be valued $32,025.32 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Williams stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and usually. Again, these targets are not direct recommendations for individual traders and must not be followed blindly.
We don't have any target price published in the last month for Williams.
Earnings and financials
WMB ($WMB) is hosting the earnings call on Monday. Forecasted for this quarter is $0.28, compared to $0.35 that was reported for Q1.
If you are a shareholder of Williams stock, don't forget to review your stop-loss, as earnings release day has higher than usual volatility. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.
The Williams Companies, Inc. ($WMB) came out with earnings of $0.35 per share last May, highly uplifting the analysts consensus estimate of $0.29 per share. This quarterly report means an earnings surprise of 20.69%. Estimated turnover for Q1 was $2.0 billion but Williams highly uplifted by 32.59%, posting $2.6 billion.This compares to Earnings of $-0.43 per share a year ago, so posted EPS is an improvement of 181.40%. Looking at sales, figures exploded a 36.54% compared to $19.1B same quarter last year.
Please read:The comments published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational motives only
|Wednesday, July 28th, 2021|
|Day range||$24.87 - $25.48|
|Average true range||$0.62|
|50d mov avg||$26.39|
|100d mov avg||$25.03|
|200d mov avg||$22.71|
|Earnings date||August 2nd, 2021|