WASTE MANAGEMENT INC. - Daily - Technical analysis published on 05/07/2024 (GMT)
- 105
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above
My targets
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WASTE MANAGEMENT INC. as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The WASTE MANAGEMENT INC. rating is 210.37 USD. The price is lower by -0.09% since the last closing with the lowest point at 210.11 USD and the highest point at 212.29 USD. The deviation from the price is +0.12% for the low point and -0.90% for the high point.210.11
212.29
210.37
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of WASTE MANAGEMENT INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 178.61 | 189.30 | 204.97 | 210.37 | 213.97 |
| Change (%) | -15.10% | -10.02% | -2.57% | - | +1.71% |
| Change | -31.76 | -21.07 | -5.40 | - | +3.60 |
| Level | Minor | Minor | Major | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.66 | 207.45 | 209.00 | 209.79 | 211.34 | 212.13 | 213.68 |
| Camarilla | 209.92 | 210.13 | 210.35 | 210.56 | 210.78 | 210.99 | 211.20 |
| Woodie | 207.05 | 207.64 | 209.39 | 209.98 | 211.73 | 212.32 | 214.07 |
| Fibonacci | 207.45 | 208.34 | 208.89 | 209.79 | 210.68 | 211.23 | 212.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 196.60 | 200.75 | 204.32 | 208.47 | 212.04 | 216.19 | 219.76 |
| Camarilla | 205.76 | 206.47 | 207.17 | 207.88 | 208.59 | 209.30 | 210.00 |
| Woodie | 196.30 | 200.61 | 204.02 | 208.33 | 211.74 | 216.05 | 219.46 |
| Fibonacci | 200.75 | 203.70 | 205.52 | 208.47 | 211.42 | 213.24 | 216.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.95 | 199.16 | 203.59 | 208.80 | 213.23 | 218.44 | 222.87 |
| Camarilla | 205.37 | 206.25 | 207.14 | 208.02 | 208.90 | 209.79 | 210.67 |
| Woodie | 193.56 | 198.97 | 203.20 | 208.61 | 212.84 | 218.25 | 222.48 |
| Fibonacci | 199.16 | 202.84 | 205.12 | 208.80 | 212.48 | 214.76 | 218.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.57 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | 6.76 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 209.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 204.91 | |
| Elder Ray (13): | 2.28 | |
| Super Trend (3,10): | 203.14 | |
| Zig ZAG (10): | 210.33 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 54.02 | |
| TEMA (21): | 208.76 | |
| Williams %R (14): | -38.57 | |
| Chande Momentum Oscillator (20): | 3.28 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.02 |
| MA7: | 208.98 | |
| MA20: | 208.03 | |
| MA50: | 208.75 | |
| MA100: | 196.95 | |
| MAexp7: | 209.22 | |
| MAexp20: | 208.71 | |
| MAexp50: | 205.82 | |
| MAexp100: | 197.86 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +6.81% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | +2.21% | |
| Price / MAexp100: | +6.32% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on WASTE MANAGEMENT INC.. At the time of publication of this analysis, the latest news was as follows:
- Transforming Waste Management: RVM Token to Launch Presale on May 15, 2024
- Tex Cycle Partners with Evolusi Bersatu to Launch Sabah's First Integrated Scheduled Waste Management Facility
- Blue Planet acquires Vac-Tech to Advance Innovation in Hazardous Waste Management
- Sustainable Green Team (SGTM) Signs Memorandum of Understanding Agreement for Southeastern U.S. Waste Management Project
- Viably Distributes Harp Renewables Biodigesters for On-Site, Closed-Loop Solutions to Food Waste Management
This member declared not having a position on this financial instrument or a related financial instrument.
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