WASTE MANAGEMENT INC (WM) Stock Technical Analysis
USA - NYSE:WM - US94106L1098 - Common Stock
219.87 USD
-0.96 (-0.43%)
220.4 USD
+0.53 (+0.24%)
Taking everything into account, WM scores 1 out of 10 in our technical rating. WM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
WM has an average volume of 1669440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, WM outperforms 44% of them, which is more or less in line with the market.
WM is an average performer in the Commercial Services & Supplies industry, it outperforms 59% of 84 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 a tight range between 213.71 and 226.24.
Although the technical rating is bad, WM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 223.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 218.41, a Stop Loss order could be placed below this zone.
More info and screens
198.54
244.53
We found 3 important support areas.
- A support zone ranging from 213.87 to 218.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 209.43 to 209.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @200.55 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 223.49 to 228.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 233.78 to 236.83. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for WM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WM is neutral. |
| ChartMill Relative Strength | 44.44 | NEUTRAL | WM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WM is above 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) | UP | MIXED | The current price of WM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.31 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests WM has a positive trend. |
| Stochastics (14,3) | 80.07 | OVERBOUGHT | The high Stochastics value suggests WM may be overbought. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for WM suggests low volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for WM suggests a possible start of a new trend. |
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)
219.87
-0.96 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.43%
1 Week0.21%
2 Weeks1.95%
1 Month-2.02%
3 Month-3.18%
6 Month-2.37%
12 Month5.66%
2 Year33.8%
3 Year38.83%
5 Year103.75%
10 Year308.98%
15 Year515.54%
Volatility
ATR(14)2.95
ATR(20)%1.42%
ATR Inc-5.18%
Range Today3.07
ADR(20)3.09
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.44
Mansfield-1.22
10 Day High221.62
10 Day Low214.26
20 Day High226.24
20 Day Low213.71
52 Week High242.58
52 Week Low199.69
CS1 End218.41
CR1 Start223.49
Volume & EV
DER(3)-0.34%
DER(5)-0.87%
Volume1.58M
Volume Incr-1.93%
Vol(5)1.56M
Vol(50)1.67M