WASTE MANAGEMENT INC (WM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WM • US94106L1098
We assign a technical rating of 6 out of 10 to WM. WM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- WM has an average volume of 2060110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, WM outperforms 58% 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 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.
- In the last month WM has a been trading in the 214.84 - 232.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
WM has an average technical rating and it also does not offer a high 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
When analyzing the support we notice one important area.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 222.38 to 222.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 235.51 to 235.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for WM is neutral. |
| ChartMill Relative Strength | 58.36 | NEUTRAL | WM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WM is below 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) | 49.65 | NEUTRAL | The RSI value for WM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WM has a negative trend. |
| Stochastics (14,3) | 60.5 | NEUTRAL | The Stochastics value for WM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for WM suggests low volalility. |
| Average Directional Index/ADX (14) | 17.4 | NEGATIVE | The low ADX value for WM suggests a weak or negative trend. |
222.24
-0.89 (-0.4%)
WASTE MANAGEMENT INC / WM FAQ
What is the technical rating for WM stock?
ChartMill assigns a technical rating of 6 / 10 to WM.
What is the trend direction for WM stock?
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 49.6498. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WASTE MANAGEMENT INC?
The MACD indicator for WASTE MANAGEMENT INC (WM) has a value of -0.0331438, indicating a bearish trend.
What is the support and resistance level for WM stock?
WASTE MANAGEMENT INC (WM) has a support level at 200.55 and a resistance level at 222.38. Check the full technical report for our detailed analysis of WM support and resistance levels.