US stock / ETF

Waste Management, Inc.

WM · NYSE · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

WM 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $216.38 and stabilize above resistance $222.22.

Invalidation Trigger

Break above $222.22 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 32.7, MACD -0.260

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.51 (0.71%)

4h

EMA Structure

Bearish
EMA 8$214.61Bearish
EMA 21$216.38Bearish
EMA 50$218.88Bearish

Signals

CategoryReadStrength
Momentum
RSI 32.7 · MACD -0.260

Momentum is weak

Strength
Bearish
Volatility
ATR $1.51 · BB 3.77%

Low volatility

Strength
Bullish
Volume
MFI 51.0 · OBV -2.44%

Relative to 20-period average volume

Strength
Range
Price Levels
$212.86 - $222.22

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.81% · 6.8 ATR above latest close

$223.73
Nearest resistance

+4.1% · 5.8 ATR above · 34-bar high

$222.22
Current price

Price shown is delayed

$213.46
Nearest support

-0.28% · 0.4 ATR below · 34-bar low

$212.86
Deeper support zone

-0.99% · 1.4 ATR below latest close

$211.35
ATR zone

Latest close ± ATR14

$211.95 - $214.97

Indicators

Trend

Dow Theory Structure

Confirmation $212.86, invalidation $218.99

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

Trend strength is active

49.3 / 15.6 / 28.8Bearish
Supertrend (10,3)

Price is above Supertrend

$208.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$216.61 / $220.07Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Volatility

ATR (14)

Low volatility

$1.51 (0.71%)Bullish
Bollinger Bands (20,2)

Width 3.77%

11%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$219.36 / $213.17Bullish
ATR channel lower / upper

Current Volatility Envelope

$211.95 / $214.97Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$222.22Range
Support

Nearest Downside Decision Level

$212.86Range

Momentum

RSI (14)

Momentum is weak

32.7Bearish
MACD (12,26,9)

Histogram is negative

-0.260Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.8 / 13.2Bearish
Williams %R (14)

Oversold zone

-90.2Bullish
CCI (20)

Weak expansion

-135.8Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.0Range
OBV slope

20-period OBV slope

-2.44%Bearish
Volume ratio

Relative to 20-period average volume

1.56xBullish

Trend

Dow Theory Structure

Confirmation $212.86, invalidation $218.99

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

Trend strength is active

49.3 / 15.6 / 28.8Bearish
Supertrend (10,3)

Price is above Supertrend

$208.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$216.61 / $220.07Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Momentum

RSI (14)

Momentum is weak

32.7Bearish
MACD (12,26,9)

Histogram is negative

-0.260Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.8 / 13.2Bearish
Williams %R (14)

Oversold zone

-90.2Bullish
CCI (20)

Weak expansion

-135.8Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Low volatility

$1.51 (0.71%)Bullish
Bollinger Bands (20,2)

Width 3.77%

11%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$219.36 / $213.17Bullish
ATR channel lower / upper

Current Volatility Envelope

$211.95 / $214.97Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.0Range
OBV slope

20-period OBV slope

-2.44%Bearish
Volume ratio

Relative to 20-period average volume

1.56xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$222.22Range
Support

Nearest Downside Decision Level

$212.86Range

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