WASTE MANAGEMENT INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	WM
ISIN:

WASTE MANAGEMENT INC. - 1H - Technical analysis published on 02/13/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 190.43 USD

My targets

My analysis

WASTE MANAGEMENT INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 190.43 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WASTE MANAGEMENT INC. rating 197.24 USD. The price has increased by +4.77% since the last closing with the lowest point at 194.20 USD and the highest point at 199.03 USD. The deviation from the price is +1.57% for the low point and -0.90% for the high point.

194.20

199.03

197.24

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 1H chart of WASTE MANAGEMENT INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	186.39	188.91	190.43	197.24
Change (%)	-5.50%	-4.22%	-3.45%	-
Change	-10.85	-8.33	-6.81	-
Level	Intermediate	Minor	Intermediate	-

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	185.85	186.67	187.46	188.28	189.07	189.89	190.68
Camarilla	187.82	187.97	188.11	188.26	188.41	188.56	188.70
Woodie	185.85	186.66	187.46	188.27	189.07	189.88	190.68
Fibonacci	186.67	187.28	187.66	188.28	188.89	189.27	189.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	183.99	185.59	187.23	188.83	190.47	192.07	193.71
Camarilla	187.97	188.27	188.56	188.86	189.16	189.45	189.75
Woodie	184.00	185.60	187.24	188.84	190.48	192.08	193.72
Fibonacci	185.59	186.83	187.60	188.83	190.07	190.84	192.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	167.55	172.12	178.87	183.44	190.19	194.76	201.51
Camarilla	182.52	183.56	184.59	185.63	186.67	187.71	188.74
Woodie	168.65	172.67	179.97	183.99	191.29	195.31	202.61
Fibonacci	172.12	176.44	179.11	183.44	187.76	190.43	194.76

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	83.98
MACD (12,26,9):	0.5300
Directional Movement:	49.55
AROON (14):	42.86
DEMA (21):	189.73
Parabolic SAR (0,02-0,02-0,2):	187.48
Elder Ray (13):	7.05
Super Trend (3,10):	191.54
Zig ZAG (10):	196.57
VORTEX (21):	0.9400
Stochastique (14,3,5):	44.08
TEMA (21):	189.97
Williams %R (14):	-17.61
Chande Momentum Oscillator (20):	8.70
Repulse (5,40,3):	0.6900
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.71

MA7:	190.21
MA20:	187.04
MA50:	181.00
MA100:	171.52
MAexp7:	192.14
MAexp20:	189.40
MAexp50:	188.65
MAexp100:	187.27
Price / MA7:	+3.70%
Price / MA20:	+5.45%
Price / MA50:	+8.97%
Price / MA100:	+15.00%
Price / MAexp7:	+2.65%
Price / MAexp20:	+4.14%
Price / MAexp50:	+4.55%
Price / MAexp100:	+5.32%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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