WASTE MANAGEMENT INC (WM)
US94106L1098 - Common Stock
We assign a technical rating of 9 out of 10 to WM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WM did better than 77% of all other stocks. We also observe that the gains produced by WM over the past year are nicely spread over this period.
WM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
WM has an average volume of 1608810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WM is an average performer in the Commercial Services & Supplies industry, it outperforms 58% of 85 stocks in the same industry.
In the last month WM has a been trading in a tight range between 204.37 and 214.01.
WM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 213.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 209.36, a Stop Loss order could be placed below this zone.
More info and screens
147.84
216.12
3 important support areas can be observed.
- A support zone ranging from 204.72 to 209.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @158.07 from a trend line in the weekly time frame.
- Support @149.33 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 213.16 to 213.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.94
Mansfield0.58
10 Day High213.25
10 Day Low204.91
20 Day High214.01
20 Day Low204.37
52 Week High214.54
52 Week Low149.71
Performance
1 Week1.61%
2 Weeks-1.03%
1 Month2.21%
3 Month11.46%
6 Month22.55%
12 Month24.38%
2 Year32.8%
3 Year49.63%
5 Year92.5%
10 Year371.13%
15 Year5097.53%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.14
RSI(14)55.69
LBB205.96
UBB213.05
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 |
|---|---|---|---|
| 213.99 | 204.90 | 9.09 (4.25%) | 23.54% |
| An entry @213.99. This is a Buy Stop order right above the resistance zone. | An exit @204.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.09 points, which is 4.25%. | For a 1.00% total portfolio risk, you can invest 23.54% of your capital in this trade. |
- 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.
WASTE MANAGEMENT INC
NYSE:WM (5/9/2024, 7:27:01 PM)
After market: 210.5 0 (0%)210.5
+0.5 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.24%
1 Week1.61%
2 Weeks-1.03%
1 Month2.21%
3 Month11.46%
6 Month22.55%
12 Month24.38%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.01
ATR(20)%1.33%
ATR Inc
Range Today1.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High213.25
10 Day Low204.91
20 Day High214.01
20 Day Low204.37
52 Week High214.54
52 Week Low149.71
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.33M
Volume Incr-10.61%
Vol(5)1.52M
Vol(50)1.61M