RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CWST
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Casella Waste Systems stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 26, 2024 Gain 15.34% PDF

The Casella Waste Systems stock price gained 2.78% on the last trading day (Wednesday, 27th Mar 2024), rising from $96.11 to $98.78. During the last trading day the stock fluctuated 2.28% from a day low at $96.68 to a day high of $98.89. The price has risen in 6 of the last 10 days and is up by 4.13% 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, 70 thousand more shares were traded than the day before. In total, 272 thousand shares were bought and sold for approximately $26.91 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 18.25% during the next 3 months and, with a 90% probability hold a price between $112.86 and $120.28 at the end of this 3-month period.

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CWST Signals & Forecast

Mostly positive signals in the chart today. The Casella Waste Systems stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $97.40 and $92.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 05, 2024, and so far it has risen 21.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Casella Waste Systems stock

On the downside, the stock finds support just below today's level from accumulated volume at $91.96 and $91.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Casella Waste Systems finds support just below today's level at $91.96. If this is broken, then the next support from accumulated volume will be at $91.83 and $85.34.

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 $2.21 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 1.96%.

Our recommended stop-loss: $95.18 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 56 days ago.)

Trading Expectations (CWST) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Casella Waste Systems to open at $98.12, and during the day (based on 14 day Average True Range), to move between $96.99 and $100.57, which gives a possible trading interval of +/-$1.79 (+/-1.82%) up or down from last closing price. If Casella Waste Systems takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $91.96, some $6.82 (6.90%) from the current price of $98.78, our system finds the risk reward attractive.

Is Casella Waste Systems stock A Buy?

Casella Waste Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.422 Strong Buy Candidate Upgraded

Predicted Opening Price for Casella Waste Systems of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$98.12 ( 0.673%) $98.78

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

Trading levels for CWST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 100.32 1.56 %
R2 99.48 0.706 %
R1 98.96 0.179 %
Current price: 98.78
Support S1 97.27 -1.53 %
S2 96.75 -2.05 %
S3 95.91 -2.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 98.78
Support S1 91.96 -6.90%
S2 91.83 -7.04%
S3 85.34 -13.61%

FAQ

What is the symbol for Casella Waste Systems Stock and on which exchange is it traded?
The symbol for Casella Waste Systems is CWST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Casella Waste Systems Stock?
Casella Waste Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Casella Waste Systems Stock?
Casella Waste Systems Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Casella Waste Systems Stock.

What's the current price of Casella Waste Systems Stock?
As of the end of day on the 2024-03-27, the price of an Casella Waste Systems (CWST) share was $98.78.

What is the 52-week high and low for Casella Waste Systems Stock?
The 52-week high for Casella Waste Systems Stock is $99.39 and the 52-week low is $72.99.

What is the market capitalization of Casella Waste Systems Stock?
As of the 2024-03-27, the market capitalization of Casella Waste Systems is 5.479B.

When is the next earnings date for Casella Waste Systems?
The upcoming earnings date for Casella Waste Systems is Apr 25, 2024.
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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. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers. The company provides a range of non-hazardous solid waste servic... CWST Profile

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