Williams Companies (WMB) is currently trading at $54.36, near the lower end of its recent range. The stock has shown signs of potential overselling, with an RSI of 27.81 on the 6-day period, indicating a possible rebound. The MACD is slightly negative but nearing a bullish crossover, suggesting upward momentum may be building.
Recent news indicates mixed sentiment. Scotiabank raised its price target to $53, while CIBC and RBC Capital also increased their targets to $57 and $63, respectively. However, bearish options activity has been noted, with a high put/call ratio and increased implied volatility.
The Fibonacci pivot for WMB is $56.11, with a support level at $52.22 and resistance at $58.51. The stock is currently testing the lower end of this range, suggesting a potential bounce.
Based on the oversold RSI, bullish MACD crossover, and analyst upgrades, WMB is likely to rebound. The target price for the next trading week is $57, with a buy recommendation.
The price of WMB is predicted to go up -2.78%, based on the high correlation periods with VNDA. The similarity of these two price pattern on the periods is 92.25%.
WMB
VNDA
A large, well-positioned network allows Williams to invest in high-return growth projects with minimal regulatory hurdles.
After several years of structural and financial moves, Williams is positioned to maintain steady dividend growth for the foreseeable future.
Williams is leveraged to US LNG exports via agreements with LNG terminals as a key supplier of gas.
Scotiabank
2025-03-06
Price Target
$51 → $53
Downside
-2.95%
RBC Capital
2025-03-04
Price Target
$62 → $63
Upside
+10.92%
Barclays
2025-01-10
Price Target
$46 → $56
Upside
+0.86%