Williams-Sonoma's stock (WSM) rose in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, marking a profit of 1.72%, or 2.01 points, settling at 119.13, with trading volumes surpassing 734 thousand shares, below 10-day averages of 1.1 million shares, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 106.66, provided the resistance of 128.75 holds on.
Expected trend for today: Bearish