1WM trade ideas
Waste Management (WM)WM posted $1.13 in Q4 adjusted EPS, declining from $1.19 a year earlier. Revenue, meanwhile, rose to $4.07 billion from $3.85 billion in Q4 2019. For 2021, Waste Management pegged revenue growth at 10.75% to 11.25% and adjusted operating EBITDA at $4.75 billion to $4.9 billion. The company said it also plans to increase annual dividend by $0.12 per share to $2.30 per share, for a total annual cost of about $975 million.
Waste Management $115 Call Expiring 3/19/21I put a regression channel starting at the end of the covid volatility. Currently trading ~2 standard deviations below forecasted mean. If trend holds, $115 call would still be ~2 standard deviations below the mean forecasted by the regression channel. Let me know what you are thinking.
$WM | Falling Wedge: Watch For A BreakoutWM formed a falling wedge. Watch for a breakout to the upside.
Earnings Thursday before open.
Goodluck!
Learning TAHi,
This is for my personal learning, as I'm trying to use TA instruments for the first time.
No relevance to anything.
x
LS
An Awesome Stock for long term. Expecting to go down in a weekAn Awesome Stock for long term. Expecting to go down in a week. The breath of buying has to give up little before pushes further.
$WM posting less than expected earning$WM is projected to have a slight bullish outlook as per the PEAD cone with price currently trading close the the upper boundary.
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Potential breakoutIf the markets are green, I believe WM can have a breakout from the ascending triangles formation.
Waste Management Bullrun | Current LevelsWaste Management in a steady bull run since the crash in March. These levels will hold strong moving forward.
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The stock currently sits above what has proven to be strong support @ $113 which could offer as a decent entry point considering our next support is at $107.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe .
Possible long on a break and hold of resistance @ $120.
Upside targets: $126
Possible Short Entry pn break and hold below $107
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
Long with Break up from S TrianglesHigh before crash is 126.79
Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2019, the company owned or operated 244 solid waste landfills; 5 secure hazardous waste landfills; 103 MRFs; and 302 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. Further, it offers fluorescent bulb and universal waste mail-back services through LampTracker program; portable restroom services under the Port-o-Let name; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is based in Houston, Texas.
Announcement to BUY WASTE MANAGEMENTHey investors, WASTE MANAGEMENT is in an uptrend, plausible on the chart to go up to seek the previous support.
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WM: Major Resistance Breakthrough Analysis 4H (Apr. 28)X FORCE GLOBAL ANALYSIS:
Waste Management (WM) is the leading provider of comprehensive waste management in North America, providing services that range from collection and disposal to recycling and renewable energy generation. In this analysis, we look at Waste Mangement's technical to spot a potential bullish breakout
Technical Analysis
- The first thing we can spot from this chart is a bullish ascending triangle.
- Prior to this pattern, we saw a bullish divergence, with prices forming lower lows, and the Relative Strength Index (RSI) forming higher lows
- Prices consolidate within the pattern for a bullish reversal, forming higher lows.
- This demonstrates that bulls have more strength in pushing prices, while bears merely maintain resistance
- We have broken through one major descending trend line resistance with a gap.
- There is, however, another descending trend line resistance that needs to be broken, in order to confirm a breakout
- We have broken through the ichimoku cloud resistance
- The 20 Simple Moving Average (SMA) is a good reference of short term trends in this case.
- We have broken through, and are trading above the 20 SMA
- The Moving Average Convergence Divergence (MACD) shows an uptrend of moving averages, and weak bearish momentum demonstrated by a quickly negated death cross.
What We Believe
Prior to the drop caused by the Corona Virus (COVID-19) crisis, Waste Management has been on a historic bull-run on the monthly. Given its price history, we believe that a potential breakout could mark the beginning of a bullish trend reversal.
Trade Safe.
WM downtrend WM has formed a 40 week right- angle broadening top formation, followed a decisive closed at 108.
TP # 1 121.00 - 108 = $95 Target
TP # 2 126.5 - 108 = 89.7 aprox = $90 Target
The daily is forming a Descending angle triangle with a top @ aprox 106.22 and support of 85.54, if WM Breaks support and closes below 85.54.00 on the daily TF, The next target on the downtrend is:
Target : $106.22 - $85.54 = $64.86 aprox 65$
