Williams Companies WMB Technical Pivots with Risk Controls

September 20, 2022, 13:45 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical pivots for Williams Companies (NYSE: WMB) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WMB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WMB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for WMB too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for WMB

• Buy WMB slightly over 31.62 target 34.89 stop loss @ 31.53 Details

The technical summary data tells us to buy WMB near 31.62 with an upside target of 34.89. This data also tells us to set a stop loss @ 31.53 to protect against excessive loss in case the stock begins to move against the trade. 31.62 is the first level of support below 31.69 , and by rule, any test of support is a buy signal. In this case, support 31.62 would be being tested, so a buy signal would exist.

• Short WMB slightly under 34.89, target 31.62, stop loss @ 34.99 Details

The technical summary data is suggesting a short of WMB as it gets near 34.89 with a downside target of 31.62. We should have a stop loss in place at 34.99though. 34.89 is the first level of resistance above 31.69, and by rule, any test of resistance is a short signal. In this case, if resistance 34.89 is being tested, so a short signal would exist.

Swing Trading Plans for WMB

• Buy WMB slightly over 32.98, target 34.89, Stop Loss @ 32.88 Details

If 32.98 begins to break higher, the technical summary data tells us to buy WMB just slightly over 32.98, with an upside target of 34.89. The data also tells us to set a stop loss @ 32.88 in case the stock turns against the trade. 32.98 is the first level of resistance above 31.69, and by rule, any break above resistance is a buy signal. In this case, 32.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMB slightly near 32.98, target 31.62, Stop Loss @ 33.08. Details

The technical summary data is suggesting a short of WMB if it tests 32.98 with a downside target of 31.62. We should have a stop loss in place at 33.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 32.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WMB

• Buy WMB slightly over 31.94, target 32.98, Stop Loss @ 31.87 Details

If 31.94 begins to break higher, the technical summary data tells us to buy WMB just slightly over 31.94, with an upside target of 32.98. The data also tells us to set a stop loss @ 31.87 in case the stock turns against the trade. 31.94 is the first level of resistance above 31.69, and by rule, any break above resistance is a buy signal. In this case, 31.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMB slightly near 31.94, target 31.62, Stop Loss @ 32.01. Details

The technical summary data is suggesting a short of WMB if it tests 31.94 with a downside target of 31.62. We should have a stop loss in place at 32.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 31.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

WMB Ratings for September 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	31.62
P2	31.10	31.52	34.89
P3	31.94	32.98	38.29

Support and Resistance Plot Chart for WMB

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.