Stericycle Stock Forecast

Buy or Hold candidate since Nov 01, 2024

No changes to the price of Stericycle stock on the last trading day (Thursday, 12th Dec 2024). During the last trading day the stock fluctuated 0% from a day low at $61.98 to a day high of $61.98. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $62.08 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Stericycle stock with a 90% probability to be traded between $62.56 and $63.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SRCL Signals & Forecast

The Stericycle 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 $61.98 and $61.83. A breakdown below any of these levels will issue sell signals. 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, December 11, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, October 28, 2024 in the short-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 Stericycle stock

Stericycle finds support from accumulated volume at $61.68 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $59.50 (-4.00%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SRCL) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect Stericycle to open at $61.98, and during the day (based on 14 day Average True Range), to move between $61.96 and $62.00, which gives a possible trading interval of +/-$0.0237 (+/-0.04%) up or down from last closing price. If Stericycle takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $61.68, some $0.300 (0.48%) from the current price of $61.98, our system finds the risk reward attractive.

Is Stericycle stock A Buy?

Stericycle 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 Hold/Accumulate Unchanged

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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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $61.98 ( 0%).