Waste Management (WM) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for WM · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$225.25last close · Aug 4, 202652-week range $194.11 – $248.13 · 9.22% below the high
Rising Wedge · playing out now

WM is breaking down from a rising wedge — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 63% of the time.

As long as price stays below $247.1, it's in play — a daily close back above there calls it off.

The move's natural target sits near $221.6.

WM Rising Wedge Pattern

WM is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBearishTarget$221.56Projected move−7.3%Breakout level$237.18

New to this pattern? What a rising wedge is and how to trade it →

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
WM win rate
55.0%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

WM Pattern Trade History

Every completed pattern trade our nightly backtest found on WM's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleJul 2, 2026 @ $226.16Jul 21, 2026 @ $233.18Win+1.36R
TriangleJun 24, 2026 @ $219.55Jul 21, 2026 @ $233.18Win+1.86R
TriangleMay 5, 2026 @ $224.93Jun 2, 2026 @ $210.99Win+1.30R
TriangleApr 14, 2026 @ $228.36Jul 7, 2026 @ $237.21Loss-1.14R
Rising WedgeFeb 24, 2026 @ $229.87Feb 27, 2026 @ $240.84Loss-1.26R
TriangleJan 20, 2026 @ $221.35Jan 29, 2026 @ $223.13Win+0.27R
TriangleDec 16, 2025 @ $219.94Mar 10, 2026 @ $235.54Win+1.28R
Falling WedgeSep 23, 2025 @ $216.92Oct 15, 2025 @ $213.69Loss-1.01R
TriangleMay 30, 2025 @ $238.36Sep 8, 2025 @ $219.05Loss-1.04R
Rising WedgeDec 6, 2024 @ $223.30Dec 16, 2024 @ $211.96Win+1.60R
Rising WedgeSep 6, 2024 @ $206.83Oct 14, 2024 @ $213.50Loss-1.17R
TriangleMay 28, 2024 @ $205.65Jun 24, 2024 @ $212.44Loss-1.02R

WM Support and Resistance Levels

Price is bouncing off a floor near $222.43 and starting to climb. On the weekly chart, the next ceiling overhead sits near $270.65 — about 20% away.

  • Traders commonly watch $270.65 as a target (its 161.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $222.43 floor, where price is testing it now, not out here in the climb. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $221.12, resistance near $247.67. These are chart/swing-derived levels, not formula pivots.

Resistance
$247.67$270.65$283.28$382.37
Support
$221.12$217.12$210.12$209.90$209.69$195.55

WM Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$224.89$226.05$222.16$225.25
Aug 3, 2026$227.02$228.07$223.83$226.43
Jul 31, 2026$225.85$228.45$224.00$226.55
Jul 30, 2026$230.02$231.11$225.15$226.33
Jul 29, 2026$236.69$242.88$235.75$236.60
Jul 28, 2026$242.21$243.61$238.80$239.41
Jul 27, 2026$238.10$241.13$237.67$237.90
Jul 24, 2026$237.52$239.30$236.63$238.75
Jul 23, 2026$236.66$239.49$235.00$237.27
Jul 22, 2026$235.17$236.76$233.41$236.38

WM Frequently Asked Questions

What chart pattern is WM forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Waste Management (WM) on the daily chart, with a measured-move target of $221.56.
Is a rising wedge bullish or bearish?
The rising wedge detected on WM is a bearish pattern, projecting a measured-move target of $221.56. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for WM?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), WM's nearest support is around $221.12 and nearest resistance around $247.67.
What is the price target if WM's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $221.56 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was WM's closing price on Aug 4, 2026?
Waste Management (WM) last closed at $225.25 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.