WASTE MANAGEMENT INC (WM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WM - US94106L1098 - Common Stock
We assign a technical rating of 3 out of 10 to WM. Recently some decent action could be observed, but in the medium term time frame this is still negative. WM was also a bad performer in the overall market in the last year.
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
2 important support areas can be observed.
- A support zone ranging from 212.34 to 215.25. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 220.83 to 229.18. 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.
- 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 | UP | POSITIVE | The short term trend for WM is up. |
| ChartMill Relative Strength | 33.49 | 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 | NEGATIVE | The current price of WM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.86 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.81 | POSITIVE | The MACD value suggests WM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.48 | OVERBOUGHT | The high Stochastics value suggests WM may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for WM suggests low volalility. |
| Average Directional Index/ADX (14) | 23.65 | NEUTRAL | The ADX value for WM suggests a possible start of a new trend. |
217.35
+1.12 (+0.52%)
WASTE MANAGEMENT INC / WM FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 3 / 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 60.8626. 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 1.81082, indicating a bullish trend.
What is the buy/sell signal for WASTE MANAGEMENT INC (WM) stock?
The buy/sell signal for WASTE MANAGEMENT INC (WM) is hold as the short term and long term trends are mixed.