WASTE MANAGEMENT INC (WM) Stock Technical Analysis
NYSE:WM - US94106L1098 - Common Stock
220.5 USD
+2.81 (+1.29%)
220.5 USD
0 (0%)
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
72% of all other stocks performed better in the past year than WM.
In the last month WM has a been trading in the 215.45 - 232.58 range, which is quite wide. It is currently trading near the lows of this range.
WM has an average volume of 1678320 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 51% 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.
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
198.54
244.53
3 important support areas can be observed.
- Support @220.05 from a horizontal line in the weekly time frame.
- Support @208.99 from a trend line in the weekly time frame.
- Support @200.55 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 222.25 to 228.46. 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 | DOWN | NEGATIVE | The short term trend for WM is down. |
| ChartMill Relative Strength | 28.28 | NEGATIVE | WM has a low relative strength, it was outperformed by 71.72% 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) | UP | MIXED | The current price of WM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.54 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests WM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.97 | OVERSOLD | The low Stochastics value suggests WM may be oversold. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for WM suggests low volalility. |
| Average Directional Index/ADX (14) | 26.43 | POSITIVE | The high ADX value value for WM suggests a strong 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)
220.5
+2.81 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg1.29%
1 Week-1.98%
2 Weeks-2.36%
1 Month-4.09%
3 Month-6.77%
6 Month-1.94%
12 Month5.98%
2 Year44.65%
3 Year37.63%
5 Year94.84%
10 Year342.68%
15 Year516.96%
Volatility
ATR(14)3.2
ATR(20)%1.57%
ATR Inc29.62%
Range Today5.34
ADR(20)3.38
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.28
Mansfield-1.09
10 Day High226.85
10 Day Low215.45
20 Day High232.58
20 Day Low215.45
52 Week High242.58
52 Week Low199.69
CS1 End220.05
CR1 Start222.25
Volume & EV
DER(3)-0.89%
DER(5)-0.4%
Volume2.04M
Volume Incr-5.81%
Vol(5)1.63M
Vol(50)1.68M