September 20, 2025 a 03:15 pm
WM: Fibonacci Analysis - Waste Management, Inc.
Waste Management, Inc. has shown significant potential in handling waste management services in North America. The recent trend in the stock price reveals a dominant downtrend, providing an important perspective for investors. Analyzing this trend using Fibonacci levels can highlight potential retracement zones that might act as support or resistance.
Fibonacci Analysis
| Description | Details | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trend Period | 2025-06-02 to 2025-09-19 | ||||||||||||
| Highest Price | $242.10 (2025-06-02) | ||||||||||||
| Lowest Price | $213.88 (2025-09-16) | ||||||||||||
| Fibonacci Levels |
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| Current Price Position | The current price is $216.4 and is below the 0.786 fib level. | ||||||||||||
| Technical Interpretation | The price being below 0.786 suggests a potential strong resistance and further downside risk. It is important to monitor this area for support or a possible continuation of the downtrend. |
Conclusion
The Waste Management, Inc. stock behaves largely within a downtrend as per the analyzed time frame. This indicates caution, as technical signals highlight possible continuation with limited upturn. Although the stock remains below critical Fibonacci levels, using these levels can offer potential zones of support. The Fibonacci analysis suggests a cautious approach until signals confirm a reversal, as unresolved bearish sentiment may contribute to further volatility. For traders and investors, waiting for confirmed signals can prevent premature entry during this downtrend.