RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WM
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Evaluation of Waste Management Inc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Oct 25, 2023 Gain 29.91% PDF

The Waste Management Inc stock price fell by -0.383% on the last day (Thursday, 28th Mar 2024) from $213.97 to $213.15. During the last trading day the stock fluctuated 1.21% from a day low at $211.98 to a day high of $214.53. The price has risen in 5 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $553.68 million.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.64% during the next 3 months and, with a 90% probability hold a price between $260.03 and $271.82 at the end of this 3-month period.

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WM Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.383%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Waste Management Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $212.39 and $206.26. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Waste Management Inc stock

Waste Management Inc finds support from accumulated volume at $207.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.56 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 0.766%.

Our recommended stop-loss: $207.60 (-2.61%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (WM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Waste Management Inc to open at $213.22, and during the day (based on 14 day Average True Range), to move between $211.02 and $215.28, which gives a possible trading interval of +/-$2.13 (+/-1.00%) up or down from last closing price. If Waste Management Inc takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $213.97 (0.38%) than the support at $207.26 (2.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Waste Management Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Waste Management Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.133 Buy Candidate Downgraded

Predicted Opening Price for Waste Management Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$213.22 ( 0.0321%) $213.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 215.77 1.23 %
R2 214.80 0.773 %
R1 214.19 0.490 %
Current price: 213.15
Support S1 212.24 -0.426 %
S2 211.64 -0.709 %
S3 210.66 -1.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 213.97 0.385 %
Current price 213.15
Support S1 207.26 -2.76%
S2 199.49 -6.41%
S3 199.16 -6.56%

WM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.750 0.352%
2 Nov 06, 2023 Nov 30, 2023 Dec 15, 2023 $0.700 0.401%
3 Aug 21, 2023 Sep 07, 2023 Sep 22, 2023 $0.700 0.447%
4 May 08, 2023 Jun 01, 2023 Jun 16, 2023 $0.700 0.424%
5 Feb 06, 2023 Mar 09, 2023 Mar 24, 2023 $0.700 0.453%

FAQ

What is the symbol for Waste Management Inc Stock and on which exchange is it traded?
The symbol for Waste Management Inc is WM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Waste Management Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Waste Management Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Waste Management Inc Stock?
Waste Management Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Waste Management Inc Stock.

What's the current price of Waste Management Inc Stock?
As of the end of day on the 2024-03-28, the price of an Waste Management Inc (WM) share was $213.15.

What is the 52-week high and low for Waste Management Inc Stock?
The 52-week high for Waste Management Inc Stock is $214.53 and the 52-week low is $149.71.

What is the market capitalization of Waste Management Inc Stock?
As of the 2024-03-28, the market capitalization of Waste Management Inc is 85.601B.

When is the next earnings date for Waste Management Inc?
The upcoming earnings date for Waste Management Inc is Apr 24, 2024.
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About Waste Management Inc

Waste Management Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities... WM Profile

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