Republic Services Inc Stock Forecast
Republic Services Inc stock price ended at $188.97 on Thursday, after gaining 0.0106%.
(Updated on Apr 18, 2024)
The Republic Services Inc stock price gained 0.0106% on the last trading day (Thursday, 18th Apr 2024), rising from $188.95 to $188.97. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.88% from a day low at $188.18 to a day high of $189.83. The price has risen in 7 of the last 10 days and is up by 1.17% 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, 104 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $289.91 million.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $188.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.71% during the next 3 months and, with a 90% probability hold a price between $212.12 and $221.92 at the end of this 3-month period.
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RSG Signals & Forecast
The Republic Services Inc 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 $188.48 and $187.47. A breakdown below any of these levels will issue sell signals. 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, March 27, 2024, and so far it has fallen -1.33%. 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). The stock had a Golden Star Signal on Friday, September 08, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, September 08, 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 Republic Services Inc stock
Republic Services Inc finds support from accumulated volume at $185.95 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 $1.66 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: $180.78 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (RSG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Republic Services Inc to open at $188.99, and during the day (based on 14 day Average True Range), to move between $186.92 and $191.02, which gives a possible trading interval of +/-$2.05 (+/-1.09%) up or down from last closing price. If Republic Services Inc takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $189.69 (0.38%) than the support at $185.95 (1.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Republic Services Inc 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 Republic Services Inc stock to perform well in the short-term.
Current score: 3.206 Buy Candidate Unchanged
Predicted Opening Price for Republic Services Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $188.99 ( 0.0115%) | $188.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190.65 | 0.89 % | |
| R2 | 190.01 | 0.553 % | ||
| R1 | 189.62 | 0.346 % | ||
| Current price: | 188.97 | |||
| Support | S1 | 188.36 | -0.323 % | |
| S2 | 187.97 | -0.530 % | ||
| S3 | 187.34 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.52 | 1.35 % | |
| R2 | 189.83 | 0.455 % | ||
| R1 | 189.69 | 0.381 % | ||
| Current price | 188.97 | |||
| Support | S1 | 185.95 | -1.60% | |
| S2 | 178.74 | -5.41% | ||
| S3 | 169.34 | -10.39% |
RSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.535 | 0.286% |
| 2 | Oct 25, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.540 | 0.326% |
| 3 | Jul 27, 2023 | Sep 29, 2023 | Oct 13, 2023 | $0.535 | 0.363% |
| 4 | Apr 19, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.495 | 0.330% |
| 5 | Feb 08, 2023 | Mar 31, 2023 | Jul 14, 2023 | $0.495 | 0.330% |
FAQ
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