WM trade ideas
Waste Management WM is inside on the 3 month time frame
If we break $196.60we will go 2D on the Quarter
If we break $225.00 we will go 2U on the Quarter and break 52 Week high
On the daily we have a 2/2 Bearish Continuation
On the 4Hour we are Inside with a 1 Candle
Taking calls base off the 4 hour time frame
Taking calls above FIb level 0.50 % Entry $207.88
I will take strike price $215 11/1
Taking puts base on the Daily time frame
I will take puts below 10/3 Low of $204.55
I will take strike price $200 11/1
Banks have been shorting since 10/24 Pre- Market
$WM NYSE:WM with the AMEX:SPY & NASDAQ:QQQ going to the dirty we do have some bullish outliers NYSE:WM have gap on the daily i would like to see some more up side push to the 61% fib then price rejeact and give a BOS to the -27%
Waste Management: Lower!Primarily, we expect further downward movement, which should take the price below the support level of $189.97. However, please note our alternative scenario (43% probable). This scenario will unfold if the stock breaks significantly above the $218.62 resistance level. In this case, we will have to assume that wave III in beige will make a new high after all. As in the primary scenario, however, far-reaching sell-offs would also be on the agenda here.
Strategic Look at Waste Management .Waste Management Inc. (WM) has been showing a promising upward trend, reflected in its recent price action and supported by robust technical indicators. With the stock currently trading at $213.34 and pre-market movements indicating further gains, the analysis reveals a bullish outlook. Here’s an in-depth analysis based on the latest data, price action, and current news.
WM has shown significant strength over the past few months, with the daily chart depicting a strong uptrend. The recent candles indicate bullish momentum, with the price consistently closing above key moving averages. The stock is trading well above the 50-day and 200-day moving averages, signaling a continued bullish sentiment.
Ichimoku Cloud: The stock price is above the Ichimoku cloud, which indicates a strong bullish trend. The leading span lines are also widening, suggesting that the trend might continue.
RSI (Relative Strength Index): The RSI is at 64.44, which is in the neutral zone but leaning towards overbought. This indicates that there is still room for upward movement before reaching the overbought territory.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are in positive territory, supporting the bullish outlook.
Stochastic Oscillator: The Stochastic %K is at 92.47, nearing the overbought level. This suggests that while the stock has strong momentum, investors should watch for potential pullbacks.
Exponential Moving Averages (EMA): All key EMAs (10, 20, 30, 50, 100, 200) are signaling a buy, reinforcing the bullish trend.
Simple Moving Averages (SMA): Similar to EMAs, all SMAs from 10-day to 200-day are indicating a strong buy, supporting the continuation of the uptrend.
Pivot Point (P): $209.00
Resistance Levels (R1, R2, R3): $214.41, $218.09, $227.18
Support Levels (S1, S2, S3): $205.32, $199.91, $190.82
Given the current price and these pivot points, the stock has a short-term resistance at $214.41, which aligns with the recent pre-market price of $214.69.
WM’s earnings report shows a steady increase, with Q1 2024 EPS beating estimates by 16.64%. The revenue growth has been consistent, indicating strong operational performance.
Next Earnings Report Date: July 24, 2024
EPS Estimate: $1.82
Revenue Estimate: $5.43 billion
WM’s cash flow statements indicate robust cash from operating activities, showing significant YoY growth of 30.94% in Q1 2024. This is a positive sign of the company’s financial health and its ability to generate cash.
Based on the analysis, WM is poised for further gains. The stock is currently in a strong uptrend with robust technical and fundamental backing.
Long Position
Entry Point: Above $214.00
Price Target: $227.56 (aligned with the 1-year price target)
Stop Loss: $205.00 (below the pivot support level S1)
Short Position
Entry Point: Below $205.00
Price Target: $190.00 (near support level S3)
Stop Loss: $214.00 (above the pivot resistance level R1)
Waste Management Inc. presents a compelling opportunity for both long and short-term investors. The technical indicators, combined with solid earnings performance and positive cash flow, suggest a bullish outlook with potential for significant gains. Traders should monitor the key levels and adjust their positions accordingly to maximize returns.
Price Prediction: Given the current trends and data, WM could reach $227.56 within the next year.
WM Potential PullbackToday, I analyzed the daily candlestick chart for Waste Management, Inc. (WM) on the NYSE. The current price is $212.06, hovering near a resistance level of $214.54. The chart shows recent highs and potential support levels at $210.45, $209.50, and $208.99. A red arrow suggests a potential pullback to these support zones. Volume trends indicate significant trading activity. My strategy will be to monitor these key levels for possible buying opportunities if the price corrects as anticipated.
Waste Management: Home stretch 🏁The Waste Management stock has established the low of the magenta wave (iv). The price should now be on the last leg of the overarching wave III in beige. After the high of this move, we expect a sharp corrective move to well below support at $189.97. Please also note our alternative scenario (37% likely), which will be activated on a direct fall below support at $189.97. In this case we will consider the high of the beige wave alt.III as established.
Waste Management, Inc. Shares Acquired by NewEdge Wealth LLC
Introduction:
Waste Management, Inc. (NYSE: NYSE:WM ), a leading provider of environmental services, has been attracting attention from institutional investors, as evidenced by recent moves by NewEdge Wealth LLC to bolster its position in the company. With a surge in institutional ownership and a recent dividend increase, Waste Management presents itself as a compelling investment opportunity in the sustainable services sector.
Institutional Interest:
NewEdge Wealth LLC increased its stake in Waste Management ( NYSE:WM ) by a staggering 194.0% during the fourth quarter, demonstrating confidence in the company's growth prospects. Moreover, other institutional investors, including Quent Capital LLC, Peoples Financial Services CORP., Ausdal Financial Partners Inc., Financial Advocates Investment Management, and Dfpg Investments LLC, have also adjusted their positions in Waste Management, indicating a broader institutional bullish sentiment.
Insider Activity:
While institutional investors are showing optimism, insider activity reflects a more nuanced picture. Recent insider selling, including transactions by EVP Charles C. Boettcher and Director John C. Pope, raises questions. However, it's essential to note that insider selling can occur for various reasons and may not necessarily signal a negative outlook for the company.
Financial Performance:
Waste Management's ( NYSE:WM ) financial performance remains robust, with the company surpassing earnings expectations in its latest quarterly report. The company reported $1.74 EPS for the quarter, exceeding the consensus estimate by $0.21. Additionally, Waste Management demonstrated solid revenue figures, with $5.22 billion in revenue, slightly outpacing analyst estimates.
Dividend Growth:
Investors seeking income can find solace in Waste Management's recent dividend increase. The company raised its quarterly dividend from $0.70 to $0.75 per share, reflecting management's confidence in its ability to generate consistent cash flow. With a dividend yield of 1.46% and a payout ratio of 53.00%, Waste Management offers an attractive income opportunity while maintaining financial stability.
Analyst Outlook:
Analysts have taken note of Waste Management's ( NYSE:WM ) performance, with several research firms upgrading their price targets and ratings. Jefferies Financial Group, for instance, raised its price target to $256.00 and issued a "buy" rating, citing optimism about the company's growth prospects. Overall, Waste Management enjoys a favorable outlook from analysts, with an average rating of "Moderate Buy" and a target price of $204.85.
Technical Outlook
Waste Management's ( NYSE:WM ) stock is up 0.04% with a Relative Strength Index (RSI) of 41.19 steadily keeping the momentum at that level. The 4-Month price chart candle stick shows a formation of an inverted Hammerhead citing a bullish surge in the medium to long term.
WM Waste Management ( Garbage Collector / Recycler ) LONGWM on a 180 minute chart shows a trend up since the October earnings. The January earnings
substantially beat the earnings from the October report and the uptrend accelerated. The chart
shows both VWAP band and volume profile breakouts persisting over 5 months. I have added to
my long-term position in WM with call options for January 2026 striking $200. These have
expensive premiums but I believe there is high value showing on the chart. I have taken partial
significant profits from the $190 calls for January 2025 and am rolling the remaining a year
forward. I will also buy a lot of shares now and hold them for about 4 weeks closing out most
of the position a few days before earnings and hold the remainder through the earnings.
Profits will be used to buy another call option.
WM Bullish biasReasons for bullish bias:
- Basic DOW theory
- Keeping it simple :)
EP: 184.58
SL: 176.31
TP1: 192.85
TP2: 201.12
Waste Management WM uptrending since prior earningsWM is impending earnings in the next trading day. It is a demonstration that there is money to
be made in the efficient collection of garbage and recyclables On the daily chart, since the
earnings beat, it has trended up through a high volume area breakout and a breakout across
series of VWAP lines and bands anchored in the intermediate past. The volumes have been
consistent. The RSI indicator shows both the lower and higher time frame lines above the 50
level since those earnings. I see this as an add to one of my investment portfolios as it is a
relatively slow mover with dividends. On traders with long duration swing trades will pay
attention to it. An options call trade in the lead up into earnings will mature on February 16th
This is a blue chip stock; it does not get headlines it just works hard month in and month out.
In my opinion, nothing is wrong with that.
Waste Management Inc. Outperforms with Strong Q4 Result
Waste Management Inc. (NYSE: NYSE:WM ), the leading integrated provider of traditional solid waste services in the United States, has once again demonstrated its resilience and growth potential with the release of its fourth-quarter and full-year 2023 financial results. Despite facing challenges in the waste management industry, NYSE:WM 's strategic focus on operational excellence and sustainability investments has propelled its earnings to new heights, making it an attractive proposition for investors seeking long-term value.
Expanding Revenue and Profitability:
NYSE:WM 's fourth-quarter revenue soared to $5.217 billion, marking a 5.7% increase from the same period last year. This growth trajectory continued throughout the year, with full-year revenue reaching $20.426 billion, showcasing NYSE:WM 's ability to effectively manage pricing strategies amidst economic uncertainties. Additionally, the company's income from operations rose by 6.2% year-over-year, reflecting its success in enhancing operational efficiency and cost control measures.
Operational Efficiency and Margin Expansion:
One of the key highlights of NYSE:WM 's performance is the significant expansion of its adjusted operating EBITDA margin to 29.9% in the fourth quarter, up from 27.5% in Q4 2022. This improvement underscores NYSE:WM 's commitment to optimizing margins through operational excellence programs, further solidifying its position as a leader in the waste management industry. Despite inflationary pressures, NYSE:WM has managed to maintain pricing discipline and drive profitability, showcasing its resilience in a challenging operating environment.
Sustainability Investments Driving Growth:
NYSE:WM 's strategic investments in renewable natural gas projects and recycling assets are poised to deliver significant EBITDA contributions by 2026. These initiatives not only align with the company's commitment to environmental sustainability but also position NYSE:WM for long-term growth opportunities in emerging markets. By prioritizing sustainability, NYSE:WM is not only creating economic value but also contributing positively to the environment, appealing to socially responsible investors.
Leadership and Future Outlook:
Jim Fish, President and CEO of Waste Management Inc., ( NYSE:WM ) has expressed confidence in the company's performance and highlighted the momentum built in the second half of 2023. With a strong focus on capital allocation priorities, including investments in sustainability growth and accretive acquisitions, NYSE:WM is well-positioned for sustained growth in 2024 and beyond. Furthermore, the company's solid balance sheet, healthy cash position, and manageable debt levels provide a strong foundation for future expansion and shareholder returns.
Conclusion:
In conclusion, Waste Management Inc.'s ( NYSE:WM ) latest earnings report underscores its position as a market leader in the waste management industry, driven by its relentless pursuit of operational excellence and strategic investments in sustainability. With robust revenue growth, expanding profitability, and a clear vision for the future, NYSE:WM presents an attractive opportunity for investors seeking exposure to a resilient and environmentally conscious company.
Great buy possibly go long after earningsWith interest rates to stay at the current rate for longer and no direction on when it could happen, this is a definite buy if it pulls back to around the low 170s, there is a bit of a slight selloff on the daily timeframe but buyers are holding up the price. The price has been in an uptrend from a long term perspective and is a definite buy and hold equity under the industrial sector. This may be the best time to accumulate shares as higher rates for longer affects the stock price. With earnings on the horizon and the fact this company wont be going anywhere soon, and the buying momentum based on the MACD on the right chart looking at it from a weekly perspective. of the last 13/16 weeks the price has been on a steady rise and is due for a pullback unless they provide spectacular earnings and guidance into 2024/2025. The recent insider selling is but a small factor in regards as them selling their own shares provide more opportunity to purchase shares cheaper if it were to fall.
Waste Management: Breakout Attempt 💥🚪Waste Management stock is currently attempting to break the upper line of the pink trend channel. We expect it to do so within the framework of the turquoise wave 3, which should provide an important upward momentum that should also take the wave above the resistance at $175.98. As for the rest of the turquoise 5-wave move, the price should hold above this level and only complete the structure and thus the gray wave III at around $192. This bullish outlook is only hindered by the 27% chance of a break below the support at $149.71.
Upside Reversal is near, WM below Intrinsic ValueWM is trading since mid 2022 in a bullish channel with clear reversals on the outer edges.
The bottom is near and it's likely that the end of year rally could take WM back to old highs.
Buy zone around $150-$135 TP around $170.
If we break the $135 even more losses are possible back to $110 area
Looking at the fundamentals, the intrinsic value for WM is around $170.
So I think it is a good opportunity
Bullish Alert and Crossover : WMAt the end of this bearish wave which dropped the price by 10% there is a new Bullish Alert + Crossover.
Price action looks good going to be positive.
Waiting for a healthy pullback.
WM keeping my eye on WM its in a Zone that it like to reverse but i need to see a close above the 200 ema to make my move
Bearish Divergence Bearish Divergence on the monthly time frame indicating a big bearish morvment is about to happen.
RSI also showing market exhaustion where the bears are taking control
Stochastic showing the market is over bought.
and the candles on the chart is showing chop and wick to the top side.. indicating bulls loosing momentum and a reversal is imminent.
$WM +462% over the past 10 years - incredible run!Waste Management had an incredible run in the past 10 years, however, it's showing signs of topping off and perhaps it's due for correction soon. If you look at recent price action, it's flat and at current dividend yield, it doesn't offer attractive returns on investment.
Waste Management - NYSE: WMThroughout most of history, the amount of waste generated by humans was insignificant due to low levels of population density and exploitation of natural resources. Common waste produced during pre-modern times was mainly ashes and human biodegradable waste, and these were released back into the ground locally, with minimum environmental impact. Tools made out of wood or metal were generally reused or passed down through the generations.
Waste Management NYSE:WMThroughout most of history, the amount of waste generated by humans was insignificant due to low levels of population density and exploitation of natural resources. Common waste produced during pre-modern times was mainly ashes and human biodegradable waste, and these were released back into the ground locally, with minimum environmental impact. Tools made out of wood or metal were generally reused or passed down through the generations.
