Williams-Sonoma, Inc.s stock price (WSM) slipped lower in latest intraday trading, with negative signals streaming from the Stochastic after reaching extremely overbought levels. The stock is now attempting to gather positive momentum that may support a rebound, while also working to vent off the overbought saturation. However, with this decline, the stock has fallen below the 50-day SMA, which may hinder its short-term recovery. It now approaches its final opportunity to regain momentum represented by a short-term ascending trend line.

Therefore we expect the stock to rise in upcoming trading, provided the support of $162.00 holds on, targeting the pivotal resistance level of $177.00.

Todays price forecast: Bullish