WASTE MANAGEMENT INC. - 1H - Technical analysis published on 05/23/2024 (GMT)
- 120
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 207.76 USD
My targets
212.29 USD (+1.24%)
213.97 USD (+2.04%)
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 207.76 USD. The buyers' bullish objective is set at 212.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 213.97 USD.
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
0
10
5.4
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
The WASTE MANAGEMENT INC. rating is 209.70 USD. The price registered a decrease of -0.11% on the session and was traded between 209.58 USD and 210.43 USD over the period. The price is currently at +0.06% from its lowest and -0.35% from its highest.209.58
210.43
209.70
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
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 WASTE MANAGEMENT INC. in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 204.98 | 206.28 | 207.76 | 209.70 | 210.13 | 212.29 | 213.97 |
| Change (%) | -2.25% | -1.63% | -0.93% | - | +0.21% | +1.24% | +2.04% |
| Change | -4.72 | -3.42 | -1.94 | - | +0.43 | +2.59 | +4.27 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.13 | 207.08 | 208.50 | 209.45 | 210.87 | 211.82 | 213.24 |
| Camarilla | 209.27 | 209.49 | 209.70 | 209.92 | 210.14 | 210.36 | 210.57 |
| Woodie | 206.37 | 207.20 | 208.74 | 209.57 | 211.11 | 211.94 | 213.48 |
| Fibonacci | 207.08 | 207.99 | 208.55 | 209.45 | 210.36 | 210.92 | 211.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 203.75 | 205.99 | 208.21 | 210.45 | 212.67 | 214.91 | 217.13 |
| Camarilla | 209.21 | 209.62 | 210.03 | 210.44 | 210.85 | 211.26 | 211.67 |
| Woodie | 203.75 | 205.99 | 208.21 | 210.45 | 212.67 | 214.91 | 217.13 |
| Fibonacci | 205.99 | 207.69 | 208.74 | 210.45 | 212.15 | 213.20 | 214.91 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.32 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 5.80 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 209.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 208.89 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 210.40 | |
| Zig ZAG (10): | 209.80 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 81.72 | |
| TEMA (21): | 210.05 | |
| Williams %R (14): | -30.21 | |
| Chande Momentum Oscillator (20): | 1.35 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.26 |
| MA7: | 209.73 | |
| MA20: | 209.70 | |
| MA50: | 209.49 | |
| MA100: | 200.96 | |
| MAexp7: | 209.86 | |
| MAexp20: | 209.65 | |
| MAexp50: | 209.64 | |
| MAexp100: | 209.58 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +4.35% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.06% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The latest news and videos published on WASTE MANAGEMENT INC. at the time of the analysis were as follows:
- EQS-News: Saudi Arabia Ventures into Sustainable Waste Management
- EQS-News: Saudi Arabia's path to Circular Economy: National Center for waste management presents it's investment opportunities for the first time at IFAT 2024 in Munich
- EQS-News: From oil exporter to pioneer of the circular economy - Saudi Arabia for the first time at the leading waste trade fair IFAT 2024 in Munich
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis WASTE MANAGEMENT INC. - 1H