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Uptrend SupportArchive
- 9/18/2026 -
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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 -2.36 points, or -1.11%, and closed at 211.10 on Friday, September 18, 2026. Weekly volume was 15% above average.
 Long-term trend: [See WM long-term trend chart]
A long-term uptrend had started on March 25, 2020 at 85.34 and reached 248.13 on March 6, 2026. WM gained -162.79 points, or -190.75%, in 310 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (214.03) 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 long-term trend.
 Medium-term trend: [See WM medium-term trend chart]
A medium-term downtrend had started on July 17, 2026 at 247.15 and reached 211.00 on September 18, 2026. WM lost 36.15 points, or 14.63%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 209.73 and resistance is at 215.87. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since August 21, 2026. This is an indication that the medium-term trend is down. 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 September 15, 2026 at 219.64 and reached 211.00 on September 18, 2026. WM lost 8.64 points, or 3.93%, in 3 days. Price is near the trend low.
 Daily Technical Indicators: [See WM daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.
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 and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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