Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>WMB stock price is trading close to the trendline of $35.</a> </li> 
 <li> <span>2</span> <a>Buyers have attained momentum and are looking to register a breakout.</a> </li> 
</ul> 
<p>Williams Companies Inc. (NYSE: WMB) WMB stock price is trading in bullish territory and suggests a breakout in the upcoming sessions. Moreover, the chart showcases a bullish flag pattern. The price is near the upper trendline of $35, which, if surpassed, would lead to a sharp run toward the cluster of $50. Furthermore, the price action shows buying interest, while the bulls have persisted in building up and continued to accumulate in the past sessions. WMB stock price is above the significant moving averages and shows a gap-up candlestick, indicating buyer interest in yesterday’s session.</p> 
<p>Williams Companies (WMB stock) price is near the trendline of $35, which the bulls are trying to surpass, and show a willingness to reach $50 in the following sessions. Furthermore, the immediate hurdle of $40 needs to be surpassed to reach $50 amid the positive sentiments. However, the bulls and bears show indecisiveness and try their best to attain dominance. As per the options chain, at the strike price of $35, a massive open interest of 738 hundred shares on the call side indicates a strong resistance zone, a challenge for the bulls to surpass.</p> 
<p>At press time, WMB stock price was $34.36 with an intraday gain of 2.02%, showing bullishness in yesterday’s trading sessions. Moreover, trading volume increased by 0.45% to 4.68 Million, and the market cap is $41.796 Billion. However, analysts have maintained a neutral rating with a yearly target price of $37.92, suggesting a growth outlook for the following sessions.</p> 
<p>The Williams Cos., Inc. operates as an energy infrastructure company which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&amp;P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.</p> 
<h2 class="wp-block-heading" id="strong-will-wmb-register-breakout-above-35-strong"><strong>Will WMB Register Breakout Above $35?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh3.googleusercontent.com/UEKll-3Kam9RwZfYTo3ao572gBqBdxNN2H4YEz9X2xV2nGhYoiaTN8QlmaBHZBtZZ5Jiqvc1jIs_dxQdFCsydJqJ_eIx061LuovBw5rX4-AJHvZbZg1t4wiC4-9ri-PNUlObgogAOll1R35egfl2EEk" alt="WMB Stock (NYSE: WMB) Close to Breakout, Will WMB Reach $50?">
  <figcaption class="wp-element-caption">
   Source: WMB Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, WMB <a href="https://www.thecoinrepublic.com/2023/08/24/fcx-stock-forecast-can-nyse-fcx-fall-continue-or-over-soon/">stock </a>price is close to the upper trendline of $35, suggesting a significant upside toward $50, which may be witnessed in the upcoming sessions. Furthermore, the price action favors the bulls and suggests that WMB stock might skyrocket in the upcoming sessions.</p> 
<p>However, bulls must surpass the immediate hurdle of $40 to extend the bullishness.</p> 
<p>The RSI curve is near neutrality and shows a bullish divergence, indicating that WMB stock will extend the gains in the upcoming sessions.</p> 
<p>The MACD indicator shows a bullish crossover and green bars on the histogram, suggesting that WMB stock is likely to register a breakout soon.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p>WMB stock price is above the significant moving averages and is close to the upper trendline of $35. Furthermore, the price action favors the bulls and suggests a breakout soon. Moreover, the chart shows the bullish flag pattern and indicates that WMB stock will skyrocket and reach the blue sky zone of $50 in the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $30 and $25</p> 
<p>Resistance Levels: $35 and $40</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

WMB Stock (NYSE: WMB) Close to Breakout, Will WMB Reach $50?

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