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Uptrend ExhaustionArchive
- 3/6/2026 -
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Waste Management, Inc. (WM) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Waste Management, Inc. (WM). During the week, the WM gained 5.21 points, or 2.16%, and closed at 246.05 on Friday, March 6, 2026. Weekly volume was 56% above average.
WM is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 Broadening Ascending Wedge chart pattern. The trend support level is at 199.41 and resistance is at 260.38. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See WM medium-term trend chart]
A medium-term uptrend had started on November 3, 2025 at 194.11 and reached 248.13 on March 6, 2026. WM gained -54.02 points, or -27.83%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (231.35) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish 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 weekly MACD line is above its signal line since December 12, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See WM short-term trend chart]
A short-term uptrend had started on January 13, 2026 at 214.84 and reached 248.13 on March 6, 2026. WM gained -33.29 points, or -15.50%, in 52 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (230.34) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See WM daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since February 26, 2026. This is an indication that the short-term trend is up.
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