Waste Management Stock Technical Analysis

WM Stock  USD 211.67  1.14  0.54%   
As of the 19th of March, Waste Management maintains the Mean Deviation of 0.5648, coefficient of variation of 333.47, and Market Risk Adjusted Performance of (24.52). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Waste Management, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have collected data for eighteen technical drivers for Waste Management, which can be compared to its rivals. Please check out Waste Management treynor ratio and expected short fall to decide if Waste Management is priced fairly, providing market reflects its latest price of 211.67 per share. Given that Waste Management has treynor ratio of (24.53), we strongly advise you to confirm Waste Management's prevalent market performance to make sure the company can sustain itself at a future point.

Waste Management Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Waste, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Waste
  
Waste Management's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Waste Management Analyst Consensus

Target PriceAdvice# of Analysts
179.56Buy23Odds
Waste Management current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Waste analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Waste stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Waste Management, talking to its executives and customers, or listening to Waste conference calls.
Waste Analyst Advice Details
Waste Management technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Waste Management technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Waste Management trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Waste Management Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Waste Management volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Waste Management Trend Analysis

Use this graph to draw trend lines for Waste Management. You can use it to identify possible trend reversals for Waste Management as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Waste Management price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Waste Management Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Waste Management applied against its price change over selected period. The best fit line has a slop of   0.68  , which suggests that Waste Management will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 17519.78, which is the sum of squared deviations for the predicted Waste Management price change compared to its average price change.

About Waste Management Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Waste Management on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Waste Management based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Waste Management price pattern first instead of the macroeconomic environment surrounding Waste Management. By analyzing Waste Management's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Waste Management's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Waste Management specific price patterns or momentum indicators. Please read more on our technical analysis page.

Waste Management March 19, 2024 Technical Indicators

Most technical analysis of Waste help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Waste from various momentum indicators to cycle indicators. When you analyze Waste charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Waste Management March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Waste stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Waste Management is a strong investment it is important to analyze Waste Management's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Waste Management's future performance. For an informed investment choice regarding Waste Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Management. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Waste Stock analysis

When running Waste Management's price analysis, check to measure Waste Management's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Waste Management is operating at the current time. Most of Waste Management's value examination focuses on studying past and present price action to predict the probability of Waste Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waste Management's price. Additionally, you may evaluate how the addition of Waste Management to your portfolios can decrease your overall portfolio volatility.
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Is Waste Management's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Management. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Management listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.01
Dividend Share
2.8
Earnings Share
5.66
Revenue Per Share
50.447
Quarterly Revenue Growth
0.057
The market value of Waste Management is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Management's value that differs from its market value or its book value, called intrinsic value, which is Waste Management's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Management's market value can be influenced by many factors that don't directly affect Waste Management's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Management's value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Management is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Management's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.