Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>WM stock price faces headwinds and has shown selling pressure in the past sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers face a barrier of $170 and show reversal from the top.</a> </li> 
</ul> 
<p>Waste Management (WM stock) price shows a fake breakout, and failing to surpass the hurdle of $170 shows rejection and initiates a sell-off in the past trading sessions. Moreover, the price action shows that the price is heading toward the support zone of $150 and may initiate a rebound if it sustains there. Furthermore, the WM stock is now trading below the key moving averages, showing a double-top pattern on the charts.</p> 
<p>WM stock price action favours the bears and suggests that the selloff may continue if it breaks below $150 and will revisit the cluster of $140. Furthermore, a falling channel pattern was noted, and the price gradually sank, making lower low swings for the past trading sessions. However, the chart structure shows neutrality and suggests a mild negative outlook.&nbsp;</p> 
<p>At press time, WM stock price is trading at $157.01 with an intraday gain of 0.15%, showing neutrality on the charts. Moreover, the trading volume remained average at 1.218 Million, and the market cap is $63.58 Billion. However, Analysts maintained a buy rating with a yearly target price of $179.43, suggesting a growth outlook in the upcoming sessions.</p> 
<p>Waste Management, Inc. is a holding company which engages in the provision of waste management environmental services. It operates through the following segments: East Tier, West Tier, and Other. The East Tier segment comprises the Eastern U.S., the Great Lakes Region, and Canada. The West Tier segment includes the upper Midwest region and British Columbia, Canada. The Other segment covers segments that are not evaluated and overseen through the East and West Tiers. The company was founded on September 30, 1987, and is headquartered in Houston, TX.</p> 
<h2 class="wp-block-heading" id="strong-wm-stock-favours-sellers-on-daily-charts-strong"><strong>WM Stock Favours Sellers On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-1024x464.png" alt="" class="wp-image-165026" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-43.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: WM Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, WM stock price shows a negative outlook, heading toward the primary support of $150. If the price sustains near $150, a rebound toward $160 can be seen, whereas if it fails to sustain, it may lead to revisit the demand zone of $140.</p> 
<p>As per the Fib levels, WM stock price slips below neutrality, heading toward the 38.2% zone and below the Bollinger band. Moreover, the technicals indicate selling pressure for the past session, showing profit booking on the charts.</p> 
<p>The RSI curve stayed in the oversold region and shows a bearish divergence indicating a negative crossover on the charts. Moreover, the price action favouring the bears suggests a negative outlook in the upcoming sessions.</p> 
<p>The<a href="https://www.thecoinrepublic.com/2023/09/05/will-jpm-stock-price-reach-near-its-50-day-moving-average/" target="_blank" rel="noreferrer noopener"> MACD indicator</a> showed a bearish crossover, and the MA line convergence with the signal line shows a neutral outlook on the charts.</p> 
<h4 class="wp-block-heading"><strong>Summary </strong>&nbsp;&nbsp;</h4> 
<p>Waste Management (WM stock) price shows a falling channel pattern and persists in a drop in the past session, trading below the key moving averages, suggesting a negative outlook on the charts. Moreover, the bulls stayed cautious and unwinded their positions, whereas sellers persisted in making a short buildup, showing a selloff on the charts.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $150 and $140</p> 
<p>Resistance Levels: $165 and $170</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

WM Stock (NYSE: WM) Dragging Gains, Will It Sustain Near $150?

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