US stock / ETF

Waste Management, Inc.

WM · NYSE · USD

4 hoursBearish86%
4h Downside probability 86%Bearish

WM 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $230.56 and stabilize above resistance $243.3.

Invalidation Trigger

Break above $243.3 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 40.0, MACD -0.423

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.06 (1.35%)

4h

EMA Structure

Bearish
EMA 8$227.47Bearish
EMA 21$230.56Bearish
EMA 50$232.86Bearish

Signals

CategoryReadStrength
Momentum
RSI 40.0 · MACD -0.423

Momentum is weak

Strength
Bearish
Volatility
ATR $3.06 · BB 10.18%

Low volatility

Strength
Bullish
Volume
MFI 47.2 · OBV -5.98%

Relative to 20-period average volume

Strength
Range
Price Levels
$224 - $243.3

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+8.8% · 6.5 ATR above latest close

$246.36
Nearest resistance

+7.45% · 5.5 ATR above · 34-bar high

$243.3
Current price

Price shown is delayed

$226.43
Nearest support

-1.07% · 0.8 ATR below · 34-bar low

$224
Deeper support zone

-2.42% · 1.8 ATR below latest close

$220.94
ATR zone

Latest close ± ATR14

$223.37 - $229.49

Indicators

Trend

Dow Theory Structure

Confirmation $243.3, invalidation $224.33

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

27.8 / 11.8 / 43.0Bearish
Supertrend (10,3)

Price is above Supertrend

$220.01Bullish
Ichimoku Cloud

Cloud Span A / Span B

$230.32 / $235.4Bearish
Donchian Channel (20)

20-period breakout channel position

13%Bearish

Volatility

ATR (14)

Low volatility

$3.06 (1.35%)Bullish
Bollinger Bands (20,2)

Width 10.18%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$234.69 / $226.06Bullish
ATR channel lower / upper

Current Volatility Envelope

$223.37 / $229.49Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$243.3Range
Support

Nearest Downside Decision Level

$224Range

Momentum

RSI (14)

Momentum is weak

40.0Bearish
MACD (12,26,9)

Histogram is negative

-0.423Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.1 / 12.9Bullish
Williams %R (14)

Oversold zone

-85.9Bullish
CCI (20)

Balanced zone

-65.4Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.2Range
OBV slope

20-period OBV slope

-5.98%Bearish
Volume ratio

Relative to 20-period average volume

1.50xBullish

Trend

Dow Theory Structure

Confirmation $243.3, invalidation $224.33

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

27.8 / 11.8 / 43.0Bearish
Supertrend (10,3)

Price is above Supertrend

$220.01Bullish
Ichimoku Cloud

Cloud Span A / Span B

$230.32 / $235.4Bearish
Donchian Channel (20)

20-period breakout channel position

13%Bearish

Momentum

RSI (14)

Momentum is weak

40.0Bearish
MACD (12,26,9)

Histogram is negative

-0.423Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.1 / 12.9Bullish
Williams %R (14)

Oversold zone

-85.9Bullish
CCI (20)

Balanced zone

-65.4Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$3.06 (1.35%)Bullish
Bollinger Bands (20,2)

Width 10.18%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$234.69 / $226.06Bullish
ATR channel lower / upper

Current Volatility Envelope

$223.37 / $229.49Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.2Range
OBV slope

20-period OBV slope

-5.98%Bearish
Volume ratio

Relative to 20-period average volume

1.50xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$243.3Range
Support

Nearest Downside Decision Level

$224Range

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