Williams Companies is an energy company, providing infrastructure that delivers natural gas products to fuel the clean energy economy. Co.'s segments are: Transmission & Gulf of Mexico, which includes Co.'s subsidiary, Transcontinental Gas Pipe Line Company, LLC, an interstate natural gas pipeline that extends from the Gulf of Mexico to the eastern seaboard; Northeast G&P, which is comprised of Co.'s midstream gathering, processing, and fractionation businesses; West, which is comprised of Co.'s gas gathering, processing, and treating operations in the Rocky Mountain region; and Gas and NGL Marketing Services, which includes Co.'s NGL and natural gas marketing and trading operations.
When researching a stock like Williams Cos, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from WMB Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for WMB stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the WMB 200 day moving average ("WMB 200 DMA"), while one of the most popular "shorter look-backs" is the WMB 50 day moving average ("WMB 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Williams Cos. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the WMB 200 DMA and the WMB 50 DMA, we get a moving average convergence divergence indicator ("WMB MACD"). The WMB MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis