WASTE MANAGEMENT INC (WM) Stock Technical Analysis
USA - NYSE:WM - US94106L1098 - Common Stock
We assign a technical rating of 0 out of 10 to WM. WM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of WM is bad and it also does not present a quality setup 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.
More info and screens
194.79
When analyzing the support we notice one important area.
- 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 3 important resistance areas.
- A resistance zone ranging from 211.26 to 222.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 227.45 to 228.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @236.83 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for WM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WM is down. |
| ChartMill Relative Strength | 19.43 | NEGATIVE | WM has a low relative strength, it was outperformed by 80.57% off all stocks 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) | DOWN | NEGATIVE | The current price of WM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.96 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.54 | NEGATIVE | The MACD value suggests WM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.45 | OVERSOLD | The low Stochastics value suggests WM may be oversold. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.59 | POSITIVE | The high ADX value value for WM suggests a strong trend. |
200.68
+3.91 (+1.99%)
WASTE MANAGEMENT INC / WM FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 0 / 10 to WM.
Can you provide the trend direction for WASTE MANAGEMENT INC?
The current trend direction for WASTE MANAGEMENT INC (WM) is Bearish.
Can you provide the RSI signal for WASTE MANAGEMENT INC?
WASTE MANAGEMENT INC (WM) has an RSI value of 33.9609. This indicates that the stock is currently neutral.
What is the MACD signal for WASTE MANAGEMENT INC (WM) stock?
The MACD indicator for WASTE MANAGEMENT INC (WM) has a value of -1.54219, indicating a bearish trend.
What is the buy/sell signal for WASTE MANAGEMENT INC (WM) stock?
The buy/sell signal for WASTE MANAGEMENT INC (WM) is sell as both the short term and long term trends are negative.