Republic Services Inc Stock Forecast
Republic Services Inc stock price down 0.520% on Friday
(Updated on May 03, 2024)
The Republic Services Inc stock price fell by -0.520% on the last day (Friday, 3rd May 2024) from $186.44 to $185.47. During the last trading day the stock fluctuated 2.00% from a day low at $184.00 to a day high of $187.67. The price has been going up and down for this period, and there has been a -2.26% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -799 thousand shares and in total, 1 million shares were bought and sold for approximately $220.40 million.
Given the current short-term trend, the stock is expected to rise 8.32% during the next 3 months and, with a 90% probability hold a price between $200.91 and $211.24 at the end of this 3-month period.
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RSG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Republic Services Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $189.79 and $189.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -4.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 $184.87 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 $3.67 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Republic Services Inc to open at $185.71, and during the day (based on 14 day Average True Range), to move between $182.46 and $188.48, which gives a possible trading interval of +/-$3.01 (+/-1.62%) up or down from last closing price. If Republic Services Inc takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $185.95 (0.26%) than the support at $184.87 (0.32%), 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?
The Republic Services Inc stock holds several negative signals and despite the positive trend, we believe Republic Services Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.257 Sell Candidate Unchanged
Predicted Opening Price for Republic Services Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $185.71 ( 0.132%) | $185.47 |
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 | 189.39 | 2.11 % | |
| R2 | 187.99 | 1.36 % | ||
| R1 | 187.12 | 0.89 % | ||
| Current price: | 185.47 | |||
| Support | S1 | 184.31 | -0.625 % | |
| S2 | 183.44 | -1.09 % | ||
| S3 | 182.04 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 189.69 | 2.28 % | |
| R2 | 186.00 | 0.286 % | ||
| R1 | 185.95 | 0.259 % | ||
| Current price | 185.47 | |||
| Support | S1 | 184.87 | -0.324% | |
| S2 | 178.74 | -3.63% | ||
| S3 | 175.61 | -5.32% |
RSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Jul 02, 2024 | Jul 15, 2024 | $0.535 | 0.288% |
| 2 | Feb 06, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.535 | 0.286% |
| 3 | Oct 25, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.540 | 0.326% |
| 4 | Jul 27, 2023 | Sep 29, 2023 | Oct 13, 2023 | $0.535 | 0.363% |
| 5 | Apr 19, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.495 | 0.330% |
FAQ
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