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Uptrend SupportArchive
- 8/28/2026 -
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Waste Management, Inc. (WM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Waste Management, Inc. (WM). During the week, the WM dropped -4.40 points, or -1.96%, and closed at 219.66 on Friday, August 28, 2026. WM was trading at average weekly trading volume.
 Long-term trend: [See WM long-term trend chart]
A long-term downtrend had started on March 6, 2026 at 248.13 and reached 210.12 on June 2, 2026. WM lost 38.01 points, or 15.32%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See WM medium-term trend chart]
A medium-term uptrend had started on June 2, 2026 at 210.12 and reached 247.15 on July 17, 2026. WM gained -37.03 points, or -17.62%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (220.80) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See WM weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See WM short-term trend chart]
A short-term downtrend had started on July 17, 2026 at 247.15 and reached 217.42 on August 27, 2026. WM lost 29.73 points, or 12.03%, in 41 days. The price is now at the 7.53% retracement level.
 Daily Technical Indicators: [See WM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since July 24, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See WM candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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