US stock / ETF

Waste Management, Inc.

WM · NYSE · USD

4 hoursBullish74%
4h Upside probability 74%Bullish

WM 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $222.66 and reclaim $238.61.

Invalidation Trigger

Lose $222.66 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 55.1, MACD -0.392

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.97 (0.84%)

4h

EMA Structure

Bullish
EMA 8$234.62Bearish
EMA 21$233.65Bullish
EMA 50$230.02Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.1 · MACD -0.392

Momentum is strong

Strength
Range
Volatility
ATR $1.97 · BB 3.24%

Low volatility

Strength
Bullish
Volume
MFI 85.3 · OBV 0.37%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$222.66 - $238.61

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.65% · 3.2 ATR above latest close

$240.58
Nearest resistance

+1.81% · 2.2 ATR above · 34-bar high

$238.61
Current price

Price shown is delayed

$234.37
Nearest support

-5% · 6.0 ATR below · 34-bar low

$222.66
Deeper support zone

-5.84% · 7.0 ATR below latest close

$220.69
ATR zone

Latest close ± ATR14

$232.4 - $236.34

Indicators

Trend

Dow Theory Structure

Confirmation $231.01, invalidation $237.49

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

Trend strength is moderate

16.8 / 19.9 / 37.6Bearish
Supertrend (10,3)

Price is above Supertrend

$228.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$233.54 / $228.66Bullish
Donchian Channel (20)

20-period breakout channel position

50%Bullish

Volatility

ATR (14)

Low volatility

$1.97 (0.84%)Bullish
Bollinger Bands (20,2)

Width 3.24%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$237.52 / $230.02Bullish
ATR channel lower / upper

Current Volatility Envelope

$232.4 / $236.34Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.61Range
Support

Nearest Downside Decision Level

$222.66Range

Momentum

RSI (14)

Momentum is strong

55.1Bullish
MACD (12,26,9)

Histogram is negative

-0.392Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.1 / 56.0Bullish
Williams %R (14)

Neutral zone

-41.9Range
CCI (20)

Balanced zone

-15.6Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

85.3Bullish
OBV slope

20-period OBV slope

0.37%Bullish
Volume ratio

Relative to 20-period average volume

1.36xBullish

Trend

Dow Theory Structure

Confirmation $231.01, invalidation $237.49

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

Trend strength is moderate

16.8 / 19.9 / 37.6Bearish
Supertrend (10,3)

Price is above Supertrend

$228.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$233.54 / $228.66Bullish
Donchian Channel (20)

20-period breakout channel position

50%Bullish

Momentum

RSI (14)

Momentum is strong

55.1Bullish
MACD (12,26,9)

Histogram is negative

-0.392Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.1 / 56.0Bullish
Williams %R (14)

Neutral zone

-41.9Range
CCI (20)

Balanced zone

-15.6Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$1.97 (0.84%)Bullish
Bollinger Bands (20,2)

Width 3.24%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$237.52 / $230.02Bullish
ATR channel lower / upper

Current Volatility Envelope

$232.4 / $236.34Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

85.3Bullish
OBV slope

20-period OBV slope

0.37%Bullish
Volume ratio

Relative to 20-period average volume

1.36xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.61Range
Support

Nearest Downside Decision Level

$222.66Range

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