Waste Connections Inc 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
Waste Connections Inc stock price down 0.0185% on Wednesday
(Updated on May 01, 2024)
The Waste Connections Inc stock price fell by -0.0185% on the last day (Wednesday, 1st May 2024) from $162.09 to $162.06. During the last trading day the stock fluctuated 1.59% from a day low at $160.88 to a day high of $163.43. The price has fallen in 6 of the last 10 days and is down by -1.59% for this period. Volume has increased on the last day by 53 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 828 thousand shares were bought and sold for approximately $134.24 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.91% during the next 3 months and, with a 90% probability hold a price between $163.44 and $179.63 at the end of this 3-month period.
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WCN Signals & Forecast
There are few to no technical positive signals at the moment. The Waste Connections Inc 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 $164.26 and $167.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -5.85%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Waste Connections Inc stock
Waste Connections Inc finds support from accumulated volume at $157.17 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 $2.55 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $154.56 (-4.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (WCN) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Waste Connections Inc to open at $162.12, and during the day (based on 14 day Average True Range), to move between $159.63 and $164.49, which gives a possible trading interval of +/-$2.43 (+/-1.50%) up or down from last closing price. If Waste Connections Inc takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $164.12 (1.27%) than the support at $157.17 (3.02%), 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 Waste Connections Inc stock A Buy?
Waste Connections Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.168 Hold/Accumulate Unchanged
Predicted Opening Price for Waste Connections Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $162.12 ( 0.0391%) | $162.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WCN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 164.67 | 1.61 % | |
| R2 | 163.70 | 1.01 % | ||
| R1 | 163.10 | 0.640 % | ||
| Current price: | 162.06 | |||
| Support | S1 | 161.15 | -0.562 % | |
| S2 | 160.55 | -0.93 % | ||
| S3 | 159.57 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 168.33 | 3.87 % | |
| R2 | 165.18 | 1.93 % | ||
| R1 | 164.12 | 1.27 % | ||
| Current price | 162.06 | |||
| Support | S1 | 157.17 | -3.02% | |
| S2 | 156.55 | -3.40% | ||
| S3 | 154.38 | -4.74% |
WCN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 23, 2024 | $0.285 | 0.176% |
| 2 | Feb 27, 2024 | Feb 27, 2024 | Mar 13, 2024 | $0.285 | 0.168% |
| 3 | Oct 25, 2023 | Nov 07, 2023 | Nov 28, 2023 | $0.290 | 0.218% |
| 4 | Aug 02, 2023 | Aug 15, 2023 | Aug 30, 2023 | $0.255 | 0.184% |
| 5 | Apr 26, 2023 | May 09, 2023 | May 24, 2023 | $0.255 | 0.186% |
FAQ
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