Waste Management Technical Analysis (NYSE:WM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Waste Management stock price data and volume are plotted in WM stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Waste Management. Technical analysis uses an approach for Waste Management stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Waste Management Moving Average:
WM stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Waste Management chart patterns after the calculations remain the same. The 100 day moving average of 73.57 is below the last closing price of 76.2. A rise in trend over the long term indicates a long term uptrend. Similarly a falling WM moving average implies that Waste Management stock price is falling.
Waste Management Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Waste Management stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Waste Management bollinger bands.
Waste Management Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Waste Management MACD indicator is above 0 indicating a bullish trend.
Waste Management Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 60.63 is the RSI value of WM stock. .