Stericycle Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Stericycle stock after losing 0.450%
(Updated on Apr 17, 2024)
The Stericycle stock price fell by -0.450% on the last day (Wednesday, 17th Apr 2024) from $48.92 to $48.70. During the last trading day the stock fluctuated 1.81% from a day low at $48.37 to a day high of $49.24. The price has fallen in 8 of the last 10 days and is down by -4.83% for this period. 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 -33 thousand shares and in total, 407 thousand shares were bought and sold for approximately $19.80 million.
Given the current short-term trend, the stock is expected to rise 6.28% during the next 3 months and, with a 90% probability hold a price between $51.76 and $61.12 at the end of this 3-month period.
SRCL Signals & Forecast
There are few to no technical positive signals at the moment. The Stericycle stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.69 and $52.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -12.49%. 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 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 Wednesday, August 30, 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 Wednesday, August 30, 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 Stericycle stock
Stericycle finds support from accumulated volume at $48.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.88 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 1.61%.
Stericycle is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRCL) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Stericycle to open at $48.77, and during the day (based on 14 day Average True Range), to move between $47.76 and $49.64, which gives a possible trading interval of +/-$0.94 (+/-1.92%) up or down from last closing price. If Stericycle takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.59 (0.23%) than the resistance at $52.30 (7.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Stericycle will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.530. We will update the financials statements for Stericycle, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.00% in the first trading day after earnings release.
Is Stericycle stock A Buy?
The Stericycle stock holds several negative signals and despite the positive trend, we believe Stericycle will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.341 Sell Candidate Unchanged
Predicted Opening Price for Stericycle of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $48.77 ( 0.140%) | $48.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRCL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.64 | 1.94 % | |
| R2 | 49.31 | 1.25 % | ||
| R1 | 49.10 | 0.83 % | ||
| Current price: | 48.70 | |||
| Support | S1 | 48.43 | -0.546 % | |
| S2 | 48.23 | -0.97 % | ||
| S3 | 47.89 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.65 | 14.27 % | |
| R2 | 54.39 | 11.68 % | ||
| R1 | 52.30 | 7.39 % | ||
| Current price | 48.70 | |||
| Support | S1 | 48.59 | -0.226% | |
| S2 | 48.46 | -0.493% | ||
| S3 | 47.71 | -2.03% |
FAQ
Click here for our free guide on how to buy Stericycle Stock.
