Waste Management Inc

WM is in a markdown phase with a decisive support failure, trading below falling EMAs into extreme oversold territory. The Support Failure pattern confirms buyers can no longer absorb supply, yet the extreme OS context grants a tactical mean-reversion window. Medium-term bias is set to bullish under mean-reversion eligibility, while short-term readiness remains neutral pending clearer support absorption. Focus on pullbacks into the 213–215 support zone for deferred entry.

• ↑19% YoY operating EBITDA growth in Q2 with margins at 30.6%
• ↑Renewable energy EBITDA doubled after commissioning seven RNG facilities
• ↓Negative earnings yield highlights weak return generation amid rising costs