WASTE MANAGEMENT INC (WM) Stock Technical Analysis
NYSE:WM - New York Stock Exchange, Inc. - US94106L1098 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to WM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WM did better than 81% of all other stocks. We also observe that the gains produced by WM over the past year are nicely spread over this period.
WM is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. WM outperforms 74% of them.
WM is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so WM is leading the market.
In the last month WM has a been trading in the 218.51 - 235.81 range, which is quite wide. It is currently trading near the high of this range.
WM has an average volume of 1697550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WM has an excellent technical rating, but the quality of the setup is only medium 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
198.52
236.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 221.85 to 229.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @208.36 from a trend line in the weekly time frame.
- A support zone ranging from 200.53 to 204.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 233.79 to 233.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.27
Mansfield0.57
10 Day High235.81
10 Day Low223.98
20 Day High235.81
20 Day Low218.51
52 Week High235.81
52 Week Low196.59
Performance
1 Week1.79%
2 Weeks2.66%
1 Month6.14%
3 Month5.22%
6 Month14.19%
12 Month12.53%
2 Year43.27%
3 Year47.5%
5 Year152.57%
10 Year331.09%
15 Year579%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)73.33
LBB225.29
UBB233.11
233.78
+1 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.43%
1 Week1.79%
2 Weeks2.66%
1 Month6.14%
3 Month5.22%
6 Month14.19%
12 Month12.53%
2 Year43.27%
3 Year47.5%
5 Year152.57%
10 Year331.09%
15 Year579%
Volatility
ATR(14)3.2
ATR(20)%1.38%
ATR Inc14.48%
Range Today3.55
ADR(20)3.14
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.27
Mansfield0.57
10 Day High235.81
10 Day Low223.98
20 Day High235.81
20 Day Low218.51
52 Week High235.81
52 Week Low196.59
CS1 End229.93
CR1 Start233.79
Volume & EV
DER(3)2.96%
DER(5)1.39%
Volume1.92M
Volume Incr2.64%
Vol(5)1.71M
Vol(50)1.70M