WASTE MANAGEMENT INC (WM) Technical Analysis
NYSE:WM • US94106L1098
Current stock price
WM Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to WM. In the last year, WM was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 66% of all other stocks performed better in the past year than WM.
- WM has an average volume of 2196770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- WM is an average performer in the Commercial Services & Supplies industry, it outperforms 65% of 80 stocks in the same industry.
- WM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WM is lagging the market.
- In the last month WM has a been trading in the 219.10 - 239.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WM Weekly and Daily overview Charts
WM Setup Rating and Analysis
WM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
WM Support and Resistance Analysis
194.79
When analyzing the support we can see 2 important areas.
- Support @222.24 from a horizontal line in the daily time frame.
- A support zone ranging from 196.76 to 200.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 228.61 to 233.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @240.97 from a horizontal line in the weekly time frame.
WM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for WM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WM is neutral. |
| ChartMill Relative Strength | 34.29 | NEUTRAL | WM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.83 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests WM has a negative trend. |
| Stochastics (14,3) | 59.24 | NEUTRAL | The Stochastics value for WM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for WM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for WM suggests a weak or negative trend. |
WM Chart- and CandleStick Pattern Analysis
WM Technicals: Chart, Performance Metrics, Trend & Indicators
227.09
-3.91 (-1.69%)
WASTE MANAGEMENT INC / WM TA FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 3 / 10 to WM.
What is the trend direction for WM stock?
The current trend direction for WASTE MANAGEMENT INC (WM) is Bearish.
What is the RSI signal for WM stock?
WASTE MANAGEMENT INC (WM) has an RSI value of 41.8348. This indicates that the stock is currently neutral.
What are the support and resistance levels for WASTE MANAGEMENT INC (WM) stock?
WASTE MANAGEMENT INC (WM) has a support level at 222.24 and a resistance level at 228.61. Check the full technical report for our detailed analysis of WM support and resistance levels.