Williams Cos. ( WMB) is an energy transmission company focused on connecting North America's hydrocarbon resources to growing markets for natural gas, natural gas liquids (NGLs), and olefins. Williams operates midstream gathering and processing assets and interstate natural gas pipelines and is due to report its first-quarter results after the close of trading here on Monday. 
Let's check out the charts to see how traders may be positioned for Williams.
In this daily bar chart of WMB, below, we can see that prices have advanced from an August low. WMB is trading the rising 50-day moving average line and above the rising 200-day line. The On-Balance-Volume (OBV) line shows a decline to December followed by a rising trend, telling us of a shift from aggressive selling to aggressive buying. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but pointed down in a take profit sell stance.
In this weekly Japanese candlestick chart of WMB, below, we can see that prices have tripled from their pandemic nadir. WMB is in an uptrend and trades above the rising 40-week moving average line. The weekly OBV line has underperformed when compared to the price action. The OBV line has been stalled in the past few months. The MACD oscillator is in a bullish alignment but has been narrowing in recent weeks.
In this daily Point and Figure chart of WMB, below, we can see a potential upside price target of $39.
In this weekly Point and Figure chart of WMB, below, we can see a $41 price objective.
Bottom line strategy: I have no knowledge of what WMB is going to report to shareholders later today, but the charts are mixed. The most concerning indicator is the OBV line, which is not as strong as I would like to see both for a stock in an uptrend and for a stock ahead of earnings. I would stand aside from WMB for now as a disappointing report could prompt more selling by traders.
