WASTE MANAGEMENT INC.
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 08/02/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 159.84 USD
My targets
165.52 USD (+1.35%)
168.95 USD (+3.45%)
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 159.84 USD. The buyers' bullish objective is set at 165.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 168.95 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

WASTE MANAGEMENT INC. rating 163.32 USD. On the day, this instrument lost -0.02% and was between 162.15 USD and 164.20 USD. This implies that the price is at +0.72% from its lowest and at -0.54% from its highest.

162.15
164.20
163.32

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of WASTE MANAGEMENT INC. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 155.53 159.84 163.06 163.32 165.52 168.95
Change (%) -4.77% -2.13% -0.16% - +1.35% +3.45%
Change -7.79 -3.48 -0.26 - +2.20 +5.63
Level Major Minor Minor - Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard160.20161.35162.36163.51164.52165.67166.68
Camarilla162.77162.96163.16163.36163.56163.76163.95
Woodie160.12161.32162.28163.48164.44165.64166.60
Fibonacci161.35162.18162.69163.51164.34164.85165.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard144.47149.43156.99161.95169.51174.47182.03
Camarilla161.12162.27163.41164.56165.71166.86168.00
Woodie145.78150.08158.30162.60170.82175.12183.34
Fibonacci149.43154.21157.16161.95166.73169.68174.47


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard135.02141.87153.21160.06171.40178.25189.59
Camarilla159.56161.23162.89164.56166.23167.90169.56
Woodie137.28142.99155.47161.18173.66179.37191.85
Fibonacci141.87148.82153.11160.06167.01171.30178.25

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): 55.23
MACD (12,26,9): 0.8400
Directional Movement: 0.66
AROON (14): -92.86
DEMA (21): 164.51
Parabolic SAR (0,02-0,02-0,2): 164.63
Elder Ray (13): -0.44
Super Trend (3,10): 162.42
Zig ZAG (10): 163.12
VORTEX (21): 1.0500
Stochastique (14,3,5): 19.91
TEMA (21): 163.74
Williams %R (14): -73.43
Chande Momentum Oscillator (20): -2.07
Repulse (5,40,3): -0.1500
ROCnROLL: -1
TRIX (15,9): 0.1300
Courbe Coppock: 1.85
MA7: 160.82
MA20: 155.41
MA50: 153.59
MA100: 155.74
MAexp7: 163.30
MAexp20: 163.10
MAexp50: 160.51
MAexp100: 157.54
Price / MA7: +1.55%
Price / MA20: +5.09%
Price / MA50: +6.34%
Price / MA100: +4.87%
Price / MAexp7: +0.01%
Price / MAexp20: +0.13%
Price / MAexp50: +1.75%
Price / MAexp100: +3.67%

Quotes : - 15 min delayed data - NYSE Stocks

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

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