WASTE MANAGEMENT INC (WM) Technical Analysis
NYSE:WM • US94106L1098
Current stock price
WM Technical Rating and Analysis
Taking everything into account, WM scores 0 out of 10 in our technical rating. WM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 74% of all other stocks performed better in the past year than WM.
- In the last month WM has a been trading in the 219.10 - 236.12 range, which is quite wide. It is currently trading near the lows of this range.
- WM has an average volume of 2188580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- WM is an average performer in the Commercial Services & Supplies industry, it outperforms 63% of 80 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.
WM Weekly and Daily overview Charts
WM Setup Rating and Analysis
Although the technical rating is bad, WM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
WM Support and Resistance Analysis
194.79
2 important support areas can be observed.
- Support @222.24 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 228.92 to 232.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @240.97 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for WM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WM is down. |
| ChartMill Relative Strength | 26.61 | NEGATIVE | WM has a low relative strength, it was outperformed by 73.39% 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 | MIXED | The current price of WM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.53 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests WM has a negative trend. |
| Stochastics (14,3) | 10.83 | OVERSOLD | The low Stochastics value suggests WM may be oversold. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for WM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.44 | 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
223.95
-0.13 (-0.06%)
WASTE MANAGEMENT INC / WM TA FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 0 / 10 to WM.
What is the trend direction for WM stock?
The current trend direction for WASTE MANAGEMENT INC (WM) is Bearish.
What is the RSI signal for WM stock?
WASTE MANAGEMENT INC (WM) has an RSI value of 37.5334. This indicates that the stock is currently neutral.
What are the support and resistance levels for WASTE MANAGEMENT INC (WM) stock?
WASTE MANAGEMENT INC (WM) has a support level at 222.24 and a resistance level at 228.92. Check the full technical report for our detailed analysis of WM support and resistance levels.