Stericycle Stock Forecast

Stericycle stock price took a fall of -6.74% on Thursday
(Updated on Apr 25, 2024)

SRCL Signals & Forecast

There are few to no technical positive signals at the moment. The Stericycle stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.30 and $51.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -16.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, August 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Stericycle stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.75 between high and low, or 5.94%. For the last week, the stock has had daily average volatility of 3.14%.

Stericycle is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SRCL) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Stericycle to open at $47.29, and during the day (based on 14 day Average True Range), to move between $45.32 and $47.70, which gives a possible trading interval of +/-$1.19 (+/-2.55%) up or down from last closing price. If Stericycle takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $48.59, some $2.08 (4.47%) from the current price of $46.51, our system finds the risk reward not very attractive.

Is Stericycle stock A Buy?

The Stericycle stock holds several negative signals and despite the positive trend, we believe Stericycle will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.007 Sell Candidate Downgraded

Predicted Opening Price for Stericycle of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.