WASTE MANAGEMENT INC (WM) Stock Technical Analysis
NYSE:WM • US94106L1098
Taking everything into account, WM scores 8 out of 10 in our technical rating. Although WM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- WM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WM is lagging the market slightly.
- WM has an average volume of 2116150 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 48% of all stocks.
- WM is an average performer in the Commercial Services & Supplies industry, it outperforms 65% of 80 stocks in the same industry.
- In the last month WM has a been trading in the 218.13 - 238.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, WM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 229.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
194.79
We found 3 important support areas.
- A support zone ranging from 229.50 to 229.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 222.38 to 224.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 can see 2 important resistance areas.
- A resistance zone ranging from 232.60 to 235.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 240.98 to 242.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for WM is up. |
| ChartMill Relative Strength | 48.17 | NEUTRAL | WM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WM is above 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) | 54.99 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests WM has a negative trend. |
| Stochastics (14,3) | 60.87 | NEUTRAL | The Stochastics value for WM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for WM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for WM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 235.57 | 229.49 | 6.08 (2.58%) | 25.00% |
| An entry @235.57. This is a Buy Stop order right above the resistance zone. | An exit @229.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.08 points, which is 2.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of WM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
230.56
+0.25 (+0.11%)
WASTE MANAGEMENT INC / WM FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 8 / 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 54.9908. 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 -0.215732, indicating a bearish trend.
What is the support and resistance level for WM stock?
WASTE MANAGEMENT INC (WM) has a support level at 229.63 and a resistance level at 232.6. Check the full technical report for our detailed analysis of WM support and resistance levels.