Republic Services Inc Stock Forecast
Republic Services Inc stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Republic Services Inc stock price gained 0.82% on the last trading day (Thursday, 25th Apr 2024), rising from $191.99 to $193.56. During the last trading day the stock fluctuated 1.68% from a day low at $190.61 to a day high of $193.82. The price has risen in 7 of the last 10 days and is up by 2.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 233 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $259.30 million.
The stock lies in the middle of a narrow and strong 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 11.05% during the next 3 months and, with a 90% probability hold a price between $212.70 and $219.73 at the end of this 3-month period.
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RSG Signals & Forecast
Mostly positive signals in the chart today. 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 $190.80 and $188.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 3.63%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 $189.69 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 $3.21 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: $183.46 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (RSG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Republic Services Inc to open at $192.66, and during the day (based on 14 day Average True Range), to move between $191.30 and $195.82, which gives a possible trading interval of +/-$2.26 (+/-1.17%) up or down from last closing price. If Republic Services Inc takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $189.69, some $3.87 (2.00%) from the current price of $193.56, our system finds the risk reward attractive.
Earnings coming up
Republic Services Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.37. We will update the financials statements for Republic Services Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.57% in the first trading day after earnings release.
Is Republic Services Inc stock A Buy?
Republic Services Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.803 Strong Buy Candidate Upgraded
Predicted Opening Price for Republic Services Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$192.66 ( 0.463%) | $193.56 |
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 | 195.87 | 1.20 % | |
R2 | 194.65 | 0.562 % | ||
R1 | 193.89 | 0.170 % | ||
Current price: | 193.56 | |||
Support | S1 | 191.44 | -1.10 % | |
S2 | 190.68 | -1.49 % | ||
S3 | 189.45 | -2.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 193.56 | |||
Support | S1 | 189.69 | -2.00% | |
S2 | 185.95 | -3.93% | ||
S3 | 178.74 | -7.66% |
RSG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.535 | 0.286% |
2 | Oct 25, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.540 | 0.326% |
3 | Jul 27, 2023 | Sep 29, 2023 | Oct 13, 2023 | $0.535 | 0.363% |
4 | Apr 19, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.495 | 0.330% |
5 | Feb 08, 2023 | Mar 31, 2023 | Jul 14, 2023 | $0.495 | 0.330% |
FAQ
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