USA A1 Trading Advice (B) | 25-Jun-2024 | Expected Gain 5%-6%

 BUY   Williams Companies (NYSE: WMB)

Williams Companies (NYSE: WMB) STOCK RECOMMENDATION

Idea BUY
Buy Range 42.3 – 42.8
Target 45 – 45.5
StopLoss* below 41.3
Duration 14-15 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 42.3 – 42.8 45 – 45.5 below 41.3 14-15 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Williams Companies (NYSE: WMB) STOCK OVERVIEW

The Williams Companies, Inc. is an energy infrastructure company based in the United States, operating through various segments. These include Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The company owns and operates 33,000 miles of pipelines and provides wholesale marketing, trading, storage, and transportation of natural gas for utilities, municipalities, power generators, and producers. Established in 1908, the company is headquartered in Tulsa, Oklahoma.

Stock Data
NYSE Symbol WMB
Sectoral Index Natural Gas Distribution
52 Weeks High 43.2
52 Weeks Low 30.26

Williams Companies (NYSE: WMB) - RELATIVE STRENGTH

WMB-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Williams Companies —     NYSE —

Williams Companies (NYSE: WMB) - DAILY TECHNICAL ANALYSIS

WMB-DAILY TECHNICAL ANALYSIS
Williams Companies (NYSE: WMB) - Technical Analysis (Daily)
  • Previously, the price exhibited a rising wedge pattern, but to conform to this pattern, it broke below the support and underwent a decline.
  • Eventually, it discovered support around the 32 level and initiated an upward movement.
  • Following a long journey, the price is currently trading at its all-time high and is expected to continue ascending.

Williams Companies (NYSE: WMB) - RSI

Williams Companies (NYSE: WMB) - RSI
  • Current RSI of this stock is 67.71, which indicates the strength of buyers.

Williams Companies (NYSE: WMB) - MACD

WMB-MACD
Williams Companies (NYSE: WMB) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

Williams Companies (NYSE: WMB) - ADX & DI

WMB-ADX & DI
Williams Companies (NYSE: WMB) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Williams Companies (NYSE: WMB) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Williams Companies stock price target will be USD 45 – USD 45.5 in the next 14-15 trading sessions.

Williams Companies (NYSE: WMB) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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