Wednesday May 22, 2019 Change 0.13% Price $109.43
Chart period: 2019-02-25 - 2019-05-22




Will WM stock price go up or down on Thu, 23 May 2019?


Waste Management Inc Forecast and Stock Analysis

Technical WM stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-15 Gain 1.99%
Shorts 1.84% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 0.53
ROA 8.25%
Price to book USD 7.24
P/E Ratio 24.89
Next Earnings Date 2019-07-24

Waste Management Inc gained 0.13% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $109.29 to $109.43 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 0.75% from a day low at $108.84 to a day high of $109.66. The price has risen in 8 of the last 10 days and is up by 4.4% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.11 million more shares were traded than the day before. In total, 1.45 million shares bought and sold for approximately $158.28 million.

Quick summary:

  • 30 day high of the WM stock price was $109.66 and low was $103.84.
  • 90 day high was $109.66 and low was $97.55.
  • 52 week high for the Waste Management Inc - $109.66 and low - $79.96.


Waste Management Inc lies in the upper part of a narrow and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $109.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 8.81% during the next 3 months and, with 90% probability hold a price between $113.86 and $119.36 at the end of this period.

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Only positive signals in the chart today. Waste Management Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $108.11 and $105.42. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday May 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Waste Management Inc finds support from accumulated volume at $104.02.

Support: $104.02 Price: $109.43


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.82 (0.75%) between high and low. For the last week, the stock has had a daily average volatility of 1.06%.

Since the Waste Management Inc has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $104.06 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)

1.06 %

Average volatility

Overall risk:

Very Low Low Medium High Very High


Waste Management Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Strong Buy Candidate Downgraded
Weaker Buy Today WM ranks #147 as BUY CANDIDATE #147 Stronger Buy
WM $109.43 ($0.14 0.13%)
WM is up $0.14 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for WM based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for readers.

Click here – the WM analysis is free »

Will WM stock price go up or down
on Thu, 23 May 2019?


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