WASTE MANAGEMENT INC (WM) Technical Analysis
NYSE:WM • US94106L1098
Current stock price
WM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to WM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WM is only an average performer.
- In the last month WM has a been trading in the 227.07 - 248.13 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- WM is part of the Commercial Services & Supplies industry. There are 82 other stocks in this industry. WM outperforms 74% of them.
- WM has an average volume of 2377730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, WM turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- WM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WM is lagging the market slightly.
WM Weekly and Daily overview Charts
WM Setup Rating and Analysis
Although WM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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WM Support and Resistance Analysis
194.79
We found 2 important support areas.
- Support @223.39 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.
We found 1 important resistance area.
- A resistance zone ranging from 246.06 to 246.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WM is neutral. |
| ChartMill Relative Strength | 63.49 | NEUTRAL | WM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WM is below the rising 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) | DOWN | MIXED | The current price of WM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.28 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests WM has a negative trend. |
| Stochastics (14,3) | 2.74 | OVERSOLD | The low Stochastics value suggests WM may be oversold. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for WM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.78 | 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
227.53
-3.71 (-1.6%)
WASTE MANAGEMENT INC / WM TA FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 7 / 10 to WM.
What is the trend direction for WM stock?
The current trend direction for WASTE MANAGEMENT INC (WM) is Bullish.
Can you provide the RSI signal for WASTE MANAGEMENT INC?
WASTE MANAGEMENT INC (WM) has an RSI value of 42.2778. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WASTE MANAGEMENT INC?
The MACD indicator for WASTE MANAGEMENT INC (WM) has a value of -1.51752, indicating a bearish trend.
What is the support and resistance level for WM stock?
WASTE MANAGEMENT INC (WM) has a support level at 223.39 and a resistance level at 246.06. Check the full technical report for our detailed analysis of WM support and resistance levels.