Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>WM stock price trades below the major 20, and 50-day daily moving averages and current volume is above average.</a> </li> 
 <li> <span>2</span> <a>Waste Management, Inc. (NYSE: WM) stock’s 52-week price range is around $148 – $175.</a> </li> 
</ul> 
<p>Waste Management, Inc. is a holding company that offers waste management services to protect the environment.</p> 
<p>The WM stock has a float of 404.105 Million shares and a market cap of $62.549 Billion. The Waste Management, Inc. stock’s average volume for the last 10 days is 1.429 Million and its current volume is 1.894 Million. The Waste Management stock has a CMP of $154.42 and an intraday loss of 0.81%. The WM stock has been on an upward trend since March 2020, starting from $85 support and making higher highs and lows until it reached $175 by August 17, 2022.&nbsp;</p> 
<p>However, the high level was unsustainable for the buyers and the WM price declined due to shareholders cashing out after the dividend date on September 2022 and ended up in a tight range. The WM stock made another attempt to reach the high but was met with more selling pressure due to the high resistance.&nbsp;</p> 
<p>Moreover, after the latest dividend date on September 7, 2023, the chart displayed a movement that breached the lower trendline and it could suggest either more profit booking coninuation in WM stock or a fast recovery making it a fake breakdown. Only these two outcomes can be anticipated in the upcoming sessions in WM stock.</p> 
<p>The latest quarterly earnings report for the period ending June 2023 displayed a revenue of $5.12 Billion, with a net income of $615.00 Million, and a profit margin of 12.01%, which is growing every quarter. It is a positive sign for the company. This quarter, the reported revenue missed analysts estimate by 114.298 Million. The next quarter’s revenue is estimated to be 5.273 Billion.</p> 
<p>Waste Management, Inc.’s latest balance sheet for the quarter ending June 2023 reported total assets of $31.61 Billion and total liabilities of $24.69 Billion. The debt-to-assets ratio of Waste Management is at 78.09%, which might be a concern for the WM stock.</p> 
<p>The WM stock’s dividend yield for the TTM is 1.75% and its last dividend payment was $0.70 per share. The last ex-dividend date was September 7th, 2023 and its payout ratio is 48.50%.</p> 
<p>The waste management stock has been increasing its dividend amount every year and the dividend in the last five years grew from $1.86 to $2.60 per share. This indicates that the waste management company is strong and reliable in terms of its fundamentals and financials and has a long-term potential for growth in its WM share price.</p> 
<p>At the time of publishing, the major EMA’s are bearish in Waste Management Inc. (NYSE: WM) and MACD shows a bearish cross on the charts and RSI is at 33 taking resistance from 14 SMA.</p> 
<p>However, the stock ratings for Waste Management, Inc. stock are positive and highly recommended by 21 analysts who have evaluated it in the last three months. The 1-year price forecasts for Waste Management stock by 19 analysts range from $160 to $202, with a high potential for growth.</p> 
<h2 class="wp-block-heading" id="strong-wm-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>WM Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955-1024x594.png" alt="WM Stock Forecast: Will The Stock (NYSE: WM) Price Descend Soon?&nbsp;" class="wp-image-171966" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-955.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: WM.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/05/wm-stock-nyse-wm-dragging-gains-will-it-sustain-near-150/" target="_blank" rel="noreferrer noopener">Waste Management Inc</a>. (NYSE: WM) is experiencing a decline from $175. The current market price of WM stock is $154.42 and is trying to break the consolidation range the stock is trapped in.</p> 
<p>The stock may continue to fall further if it breaks below the current levels and breaks below $150, which could lead to a target of $140. On the other hand, if Waste Management stock manages to reverse the trend and gain strong buying momentum. It could rise above $160, triggering a rally above $175 or higher.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>WM stock increased from $85 to $175 in 2020-2022. It declined from its yearly high of $175 to $154.42 and was trapped in a contracting range. WM appears like it is breaking the trendline and sinking more on the charts, but analysts are optimistic about its long-term growth, so it might be a false breakdown and <a href="https://www.thecoinrepublic.com/2023/09/05/wm-stock-nyse-wm-dragging-gains-will-it-sustain-near-150/">rebound quickly</a>, trapping the bears. The technical indicators and charts are revealing bearish signs in WM stock. However, analysts say WM stock is good and can increase from $160 to $202.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $150 and $140</p> 
<p><strong>Resistance levels</strong>: $160 and $175</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

WM Stock Forecast: Will The Stock (NYSE: WM) Price Descend Soon?

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