WASTE MANAGEMENT INC. - 1H - Technical analysis published on 12/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 171.72 USD
My targets
175.77 USD (+1.26%)
177.74 USD (+2.39%)
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 171.72 USD. The buyers' bullish objective is set at 175.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 177.74 USD. If there is any crossing, the next objective would be the resistance located at 181.55 USD. 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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WASTE MANAGEMENT INC. rating is 173.59 USD. The price registered a decrease of -0.12% on the session with the lowest point at 172.76 USD and the highest point at 174.12 USD. The deviation from the price is +0.48% for the low point and -0.30% for the high point.172.76
174.12
173.59
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WASTE MANAGEMENT INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 164.30 | 169.10 | 171.72 | 173.59 |
| Change (%) | -5.35% | -2.59% | -1.08% | - |
| Change | -9.29 | -4.49 | -1.87 | - |
| Level | Minor | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.61 | 169.70 | 171.75 | 172.84 | 174.89 | 175.98 | 178.03 |
| Camarilla | 172.94 | 173.22 | 173.51 | 173.80 | 174.09 | 174.38 | 174.66 |
| Woodie | 169.09 | 169.94 | 172.23 | 173.08 | 175.37 | 176.22 | 178.51 |
| Fibonacci | 169.70 | 170.90 | 171.64 | 172.84 | 174.04 | 174.78 | 175.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.21 | 166.18 | 169.99 | 171.96 | 175.77 | 177.74 | 181.55 |
| Camarilla | 172.21 | 172.74 | 173.27 | 173.80 | 174.33 | 174.86 | 175.39 |
| Woodie | 165.13 | 166.64 | 170.91 | 172.42 | 176.69 | 178.20 | 182.47 |
| Fibonacci | 166.18 | 168.39 | 169.75 | 171.96 | 174.17 | 175.53 | 177.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.96 | 157.82 | 164.40 | 168.26 | 174.84 | 178.70 | 185.28 |
| Camarilla | 168.12 | 169.08 | 170.03 | 170.99 | 171.95 | 172.90 | 173.86 |
| Woodie | 155.33 | 158.50 | 165.77 | 168.94 | 176.21 | 179.38 | 186.65 |
| Fibonacci | 157.82 | 161.81 | 164.27 | 168.26 | 172.25 | 174.71 | 178.70 |
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): | 78.88 | |
| MACD (12,26,9): | 0.9900 | |
| Directional Movement: | 21.39 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 172.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.40 | |
| Elder Ray (13): | 1.28 | |
| Super Trend (3,10): | 171.61 | |
| Zig ZAG (10): | 173.34 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 95.51 | |
| TEMA (21): | 173.64 | |
| Williams %R (14): | -14.74 | |
| Chande Momentum Oscillator (20): | 3.28 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.39 |
| MA7: | 171.21 | |
| MA20: | 170.58 | |
| MA50: | 162.73 | |
| MA100: | 161.34 | |
| MAexp7: | 173.12 | |
| MAexp20: | 171.72 | |
| MAexp50: | 170.84 | |
| MAexp100: | 169.96 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +1.76% | |
| Price / MA50: | +6.67% | |
| Price / MA100: | +7.59% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +2.14% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on WASTE MANAGEMENT INC. at the time of the generation of this analysis was as follows:
- Southwire 2022 Sustainability Report: Circularity & Waste Management
- MOCCAE and Tadweer Sign MoU to Launch Global Initiative to Decarbonize Waste Management and the Circular Economy Platform
- MOCCAE and Tadweer Sign MoU to Launch Global Initiative to Decarbonize Waste Management and the Circular Economy Platform
- Covia 2022 ESG Report: Advancing Waste Management Practices
- Siyata Mobile Announces Follow-On Order from Large North American Waste Management Provider
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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