Is Momentum Waning From Weibo Corporation (WB), Waste Management, Inc. (WM)?

Weibo Corporation (NASDAQ:WB)’s beta now stands at 2.19 and when compared to its 200-day moving average and its 50-day moving average, WB price stands -28.56% below and -0.81% below respectively. The stock dropped by -58.07% or -$82.53 from its last recorded high of $142.12 which it attained on February 15 to close at $59.59 per share. Over the past 52 weeks, the shares of Weibo Corporation has been trading as low as $53.11 before witnessing a massive surge by 12.2% or $6.48. This price movement has led to the WB stock receiving more attention and has become one to watch out for. It dipped by -1.73% on Thursday and this got the market worried. Its average daily volatility for this week is 5.26% which is less than the 5.69% recorded over the past month.

Weibo Corporation (WB) rose 6.47% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -51.03% and is now up by 1.99% since start of this year. A look at its monthly performance shows that the stock has recorded a -2.66% fall over the past 30 days. Its equity price dipped by -2.44% over the past three months which led to its overall six-month decrease to stand at -32.76%.

A look at WB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 49 point. Its trading volume has lost -987762 shares compared to readings over the past three months as it recently exchanged 1532238 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2520000 shares, and this is 0.61 times the normal volume.

The price of Waste Management, Inc. (NYSE:WM) currently stands at $93.19 after it went up by $1.32 or 1.44% and has found a strong support at $92.18 a share. If the WM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $91.16 mark would also be bad for the stock as it means that the stock would plunge by 2.18% from its current position. However, if the stock price is able to trade above the resistance point around $93.73, then it could likely surge higher to try and break the upward resistance which stands at $94.26 a share. Its average daily volatility over the past one month stands at 2.06%. The stock has plunged by 1.6% from its 52-weeks high of $91.7 which it reached on Apr. 12, 2018. In general, it is 15.88% above its 52-weeks lowest point which stands at $78.39 and this setback was observed on Sep. 02, 2018.

Analysts have predicted a price target for Waste Management, Inc. (WM) for 1 year and it stands at an average $96.8/share. This means that it would likely increase by 3.87% from its current position. The current price of the stock has been moving between $91.7 and $93.25. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $75. On the other hand, one analyst is super bullish about the price, setting a target as high as $114.

The WM stock Stochastic Oscillator (%D) is at 95.59%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.71 which compares to the 6.67 recorded by the industry or the 43.87 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.06, which is higher than the 14.03 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 26.7% over the past five years.

Analysts view Waste Management, Inc. (NYSE:WM) as a Buy, with 1.8 consensus rating. Reuters surveyed 10 analysts that follow WM and found that 1 of those analysts rated the stock as a Hold. The remaining 9 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Waste Management, Inc. (WM) shares or sell it if they already own it.