Republic Services Inc Stock Forecast

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 $160.88 and $153.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 02, 2023, and so far it has risen 16.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, October 26, 2023 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 08, 2023.

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.

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Support, Risk & Stop-loss for Republic Services Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $147.35 and $146.02. 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, Republic Services Inc finds support just below today's level at $147.35. If this is broken, then the next support from accumulated volume will be at $146.02 and $146.00.

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 $2.11 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 0.99%.

The Republic Services Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $159.04 (-2.98%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 43 days ago.)

Trading Expectations (RSG) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Republic Services Inc to open at $163.24, and during the day (based on 14 day Average True Range), to move between $162.13 and $165.71, which gives a possible trading interval of +/-$1.79 (+/-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 2.19% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $147.35, some $16.57 (10.11%) from the current price of $163.92, our system finds the risk reward attractive.

Is Republic Services Inc stock A Buy?

Republic Services Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Open Broker Account

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

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