US stock / ETF

Waste Management, Inc.

WM · NYSE · USD

1 weekBearish83%
Weekly Downside probability 83%Bearish

WM 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $222.26 and stabilize above resistance $248.11.

Invalidation Trigger

Break above $248.11 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 47.1, MACD -1.391

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $10.21 (4.67%)

Weekly

EMA Structure

Bearish
EMA 8$219.01Bearish
EMA 21$222.26Bearish
EMA 50$222.52Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.1 · MACD -1.391

Neutral zone

Strength
Bearish
Volatility
ATR $10.21 · BB 16.28%

Medium volatility

Strength
Range
Volume
MFI 49.6 · OBV -39.42%

Relative to 20-period average volume

Strength
Range
Price Levels
$194.12 - $248.11

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+18.09% · 3.9 ATR above latest close

$258.32
Nearest resistance

+13.42% · 2.9 ATR above · 34-bar high

$248.11
Current price

Price shown is delayed

$218.75
Nearest support

-11.26% · 2.4 ATR below · 34-bar low

$194.12
Deeper support zone

-15.93% · 3.4 ATR below latest close

$183.91
ATR zone

Latest close ± ATR14

$208.54 - $228.96

Indicators

Trend

Dow Theory Structure

Confirmation $210.35, invalidation $225.29

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

21.6 / 13.7 / 24.0Bearish
Supertrend (10,3)

Price is above Supertrend

$186.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$225.93 / $221.12Bearish
Donchian Channel (20)

20-period breakout channel position

22%Range

Volatility

ATR (14)

Medium volatility

$10.21 (4.67%)Range
Bollinger Bands (20,2)

Width 16.28%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$242.24 / $202.06Range
ATR channel lower / upper

Current Volatility Envelope

$208.54 / $228.96Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$248.11Range
Support

Nearest Downside Decision Level

$194.12Range

Momentum

RSI (14)

Neutral zone

47.1Range
MACD (12,26,9)

Histogram is negative

-1.391Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.0 / 23.9Bullish
Williams %R (14)

Neutral zone

-67.0Range
CCI (20)

Balanced zone

-87.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.6Range
OBV slope

20-period OBV slope

-39.42%Bearish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Trend

Dow Theory Structure

Confirmation $210.35, invalidation $225.29

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

21.6 / 13.7 / 24.0Bearish
Supertrend (10,3)

Price is above Supertrend

$186.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$225.93 / $221.12Bearish
Donchian Channel (20)

20-period breakout channel position

22%Range

Momentum

RSI (14)

Neutral zone

47.1Range
MACD (12,26,9)

Histogram is negative

-1.391Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.0 / 23.9Bullish
Williams %R (14)

Neutral zone

-67.0Range
CCI (20)

Balanced zone

-87.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$10.21 (4.67%)Range
Bollinger Bands (20,2)

Width 16.28%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$242.24 / $202.06Range
ATR channel lower / upper

Current Volatility Envelope

$208.54 / $228.96Range

Volume / Money Flow

MFI (14)

Money flow is neutral

49.6Range
OBV slope

20-period OBV slope

-39.42%Bearish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$248.11Range
Support

Nearest Downside Decision Level

$194.12Range

Related Forecasts