Williams-Sonoma, Inc (WSM) stock rose again in its latest intraday trading after finding support at the previous 50-day SMA, which provided some renewed positive momentum. The main short-term bullish trend remains dominant, with trading along an ascending line that supports this direction. However, negative signals have started to appear from the relative strength indicators after reaching extremely overbought levels, which may limit the stocks upcoming gains.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $186.00 holds, targeting the key resistance level of $217.80.

Todays stock forecast: Bullish.