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 02/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 204.56 USD

My targets

212.45 USD (+2.53%)

222.20 USD (+7.24%)

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 204.56 USD. The next resistance located at 212.45 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 222.20 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

7.7

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.

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Additional analysis

Quotes

The WASTE MANAGEMENT INC. price is 207.20 USD. The price registered a decrease of -0.02% on the session and was traded between 206.89 USD and 208.22 USD over the period. The price is currently at +0.15% from its lowest and -0.49% from its highest.

206.89

208.22

207.20

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WASTE MANAGEMENT INC.:

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

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. 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 currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

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 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	195.97	199.92	204.56	207.20
Change (%)	-5.42%	-3.51%	-1.27%	-
Change	-11.23	-7.28	-2.64	-
Level	Minor	Minor	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	200.29	202.05	204.65	206.41	209.01	210.77	213.37
Camarilla	206.04	206.44	206.84	207.24	207.64	208.04	208.44
Woodie	200.70	202.26	205.06	206.62	209.42	210.98	213.78
Fibonacci	202.05	203.72	204.75	206.41	208.08	209.11	210.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	176.57	182.03	191.78	197.24	206.99	212.45	222.20
Camarilla	197.36	198.75	200.15	201.54	202.93	204.33	205.72
Woodie	178.73	183.10	193.94	198.31	209.15	213.52	224.36
Fibonacci	182.03	187.84	191.43	197.24	203.05	206.64	212.45

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):	70.32
MACD (12,26,9):	1.8800
Directional Movement:	26.99
AROON (14):	85.71
DEMA (21):	207.98
Parabolic SAR (0,02-0,02-0,2):	206.24
Elder Ray (13):	0.86
Super Trend (3,10):	204.79
Zig ZAG (10):	207.31
VORTEX (21):	1.2300
Stochastique (14,3,5):	86.45
TEMA (21):	208.00
Williams %R (14):	-19.85
Chande Momentum Oscillator (20):	3.06
Repulse (5,40,3):	-0.1000
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	3.96

MA7:	202.91
MA20:	193.71
MA50:	185.16
MA100:	174.90
MAexp7:	207.14
MAexp20:	205.42
MAexp50:	201.64
MAexp100:	197.08
Price / MA7:	+2.11%
Price / MA20:	+6.96%
Price / MA50:	+11.90%
Price / MA100:	+18.47%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.87%
Price / MAexp50:	+2.76%
Price / MAexp100:	+5.13%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on WASTE MANAGEMENT INC. at the time of the generation of this analysis was as follows:

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

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