Stericycle Stock Forecast

Weaker technical forecast for Stericycle as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)

SRCL Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.0812%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $50.53 and $52.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $49.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.800 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.47%.

Stericycle is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Stericycle to open at $49.35, and during the day (based on 14 day Average True Range), to move between $48.35 and $50.25, which gives a possible trading interval of +/-$0.95 (+/-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 $49.16 (0.28%) than the resistance at $52.30 (6.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.910 Sell Candidate Downgraded

Predicted Opening Price for Stericycle of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.