Waste Management, Inc. WM Stock Analysis

Waste Management, Inc. stock trades under the ticker WM & has shown recent bullishness that traders & investors should research further into.

WM stock closed at $150.62/share on 3/9/2023.

Waste Management, Inc. WM Stock’s Technical Performance Over The Past Year

Waste Management, Inc. WM Stock's Technical Performance Over The Past Year
Waste Management, Inc. WM Stock’s Technical Performance Over The Past Year

WM Stock Price: $150.62

10 Day Moving Average: $149.54

50 Day Moving Average: $152.35

200 Day Moving Average: $157.79

RSI: 48.84

MACD: -0.910

Yesterday, WM stock completed a bullish MACD crossover, gaining +0.95% on the day’s session.

Their RSI is neutral & recent trading volumes have been about average compared to the year prior, but yesterday’s shooting star candlestick with the large shadow signals near-term losses on the horizon.

This makes it imperative for traders & investors to mind WM stock’s $149.93, $149.54 (10 day moving average) & $148.30/share support levels, while they try to break out above their $150.66, $151.03 & $152.35 (50 day moving average) resistance levels.

Waste Management, Inc. WM Stock As A Long-Term Investment

Long-term focused investors will like WM stock’s 27.97 P/E (ttm), but will find their 8.98 P/B (mrq) to be a bit rich.

They recently reported 5.5% Quarterly Revenue Growth Y-o-Y, with -1.4% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a more thorough examination, with $351M of Total Cash (mrq) & $15.51B of Total Debt (mrq).

WM stock pays a 1.74% dividend, which appears to be sustainable as their payout ratio is 48.24%.

83.26% of WM stock’s outstanding share float is owned by institutional investors.

Waste Management, Inc. WM Stock As A Short-Term Trade Using Options

Traders with short time horizons can trade options to profit from WM stock’s price movements, while protecting their portfolio from volatility.

I am looking at the contracts with the 4/21 expiration date.

The $150, $145 & $135 call options are all in-the-money, listed from highest to lowest level of open interest.

The $160, $155 & $165 puts are also all in-the-money, listed from most to least liquid strike price.

Tying It All Together

WM stock has many interesting attributes that traders & investors will like.

Investors will like their sustainable dividend, as well as their P/E (ttm).

Traders will like their recent technical performance, as well as how liquid their options are.

Overall, it is worth taking a closer look into WM stock to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN WM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***