Williams-Sonoma, Inc. (WSM) stock declined slightly in its latest intraday trading, as it undergoes profit-taking from prior gains while attempting to gather positive momentum that may support recovery and renewed rise. The short-term minor bullish wave remains in control, with trading moving along an upward trend line, supported by dynamic backing from trading above its previous 50-day SMA. In addition, positive signals are flowing from the Stochastic indicators after previously reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 186.00 holds, to then target the key resistance level of 218.00.

Todays price forecast: Bullish.