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Casella Waste Systems Stock Forecast NASDAQ:CWST

$87.28 (1.90%)

Volume: 175k

Closed: Nov 29, 2021

Hollow Logo Score: 2.747

Casella Waste Systems Stock Forecast

$87.28 (1.90%)

Volume: 175k

Closed: Nov 29, 2021

Score Hollow Logo 2.747
Which way will CWST go? Request
Stop-loss: $83.30 (-4.56%)
Key Stats
P/E Ratio 46.38
Beta 0.9
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold

Green day on Monday for Casella Waste Systems
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-08-13 Gain 26.13%

The Casella Waste Systems stock price gained 1.90% on the last trading day (Monday, 29th Nov 2021), rising from $85.65 to $87.28. During the day the stock fluctuated 1.99% from a day low at $86.08 to a day high of $87.79. The price has risen in 6 of the last 10 days and is up by 0.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 thousand more shares were traded than the day before. In total, 175 thousand shares were bought and sold for approximately $15.25 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.68% during the next 3 months and, with a 90% probability hold a price between $104.53 and $111.17 at the end of this 3-month period.

Signals & Forecast

The Casella Waste Systems stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $87.64. On a fall, the stock will find some support from the long-term average at approximately $84.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 17, 2021, and so far it has fallen -2.53%. 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).

Support, Risk & Stop-loss

Casella Waste Systems finds support from accumulated volume at $86.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.71 between high and low, or 1.99%. For the last week the stock has had a daily average volatility of 2.28%.

Our recommended stop-loss: $83.30 (-4.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Is Casella Waste Systems stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Casella Waste Systems stock to perform well in the short-term.

Current score: 2.747

Predicted Opening Price for Casella Waste Systems of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$87.05 $87.28 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 01, 2021 "Raymond James" gave "$79.00 - $100.00" rating for CWST. The price target was changed from $86.01 to 0.8%.

Volatility and Risk
Daily Average Volatility: 2.28 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.28 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $87.68
Price: $87.28
Support: $86.72

CWST Insider Trading Show all Trades

INSIDER POWER

0.229

Last 100 transactions
Buy: 210 522 | Sell: 918 743 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Sell 1 000 Coletta Edmond Class A Common Stock
Nov 19, 2021 Sell 10 000 Hulligan William P Class A Common Stock
Nov 19, 2021 Sell 1 203 Johnson Edwin D Class A Common Stock
Nov 18, 2021 Sell 1 212 Johnson Edwin D Class A Common Stock
Nov 18, 2021 Sell 6 173 Johnson Edwin D Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.229

Last 100 transactions
Buy: 210 522 | Sell: 918 743 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 88.76 1.70 %
88.11 0.95 %
87.70 0.48 %
Current price: 87.28
Support 86.40 -1.01 %
85.99 -1.47 %
85.34 -2.22 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 89.55 2.60 %
89.01 1.98 %
87.68 0.46 %
Current price 87.28
Support 86.72 -0.64%
78.54 -10.01%
75.02 -14.05%

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About Casella Waste Systems

Casella Waste Systems Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It provides resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industr... Read more

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