RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WCN.TO
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Waste Connections Inc. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Dec 28, 2023 Gain 18.40% PDF

The Waste Connections Inc. stock price gained 0.85% on the last trading day (Wednesday, 27th Mar 2024), rising from $231.06 to $233.02. During the last trading day the stock fluctuated 0.97% from a day low at $231.77 to a day high of $234.01. The price has risen in 7 of the last 10 days and is up by 1.89% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 119 thousand shares were bought and sold for approximately $27.69 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 21.81% during the next 3 months and, with a 90% probability hold a price between $278.84 and $289.40 at the end of this 3-month period.

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WCN.TO Signals & Forecast

The Waste Connections 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 $231.93 and $225.73. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, March 19, 2024, and so far it has fallen -0.188%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Waste Connections Inc. stock

Waste Connections Inc. finds support from accumulated volume at $231.53 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 $2.24 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.97%.

Our recommended stop-loss: $225.58 (-3.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (WCN.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Waste Connections Inc. to open at $232.93, and during the day (based on 14 day Average True Range), to move between $230.23 and $235.81, which gives a possible trading interval of +/-$2.79 (+/-1.20%) up or down from last closing price. If Waste Connections Inc. takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $233.46 (0.19%) than the support at $231.53 (0.64%), 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 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 Hold/Accumulate to a Strong Buy candidate.

Current score: 5.013 Strong Buy Candidate Upgraded

Predicted Opening Price for Waste Connections Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$232.93 ( 0.0372%) $233.02

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

Trading levels for WCN.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 235.17 0.92 %
R2 234.32 0.557 %
R1 233.79 0.330 %
Current price: 233.02
Support S1 232.08 -0.404 %
S2 231.55 -0.631 %
S3 230.69 -1.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 233.46 0.189 %
Current price 233.02
Support S1 231.53 -0.639%
S2 222.18 -4.65%
S3 212.36 -8.87%

WCN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Feb 27, 2024 Mar 13, 2024 $0.383 0.167%
2 Oct 25, 2023 Nov 07, 2023 Nov 28, 2023 $0.387 0.214%
3 Aug 02, 2023 Aug 15, 2023 Aug 30, 2023 $0.338 0.180%
4 Apr 26, 2023 May 09, 2023 May 24, 2023 $0.341 0.183%
5 Feb 15, 2023 Feb 28, 2023 Mar 15, 2023 $0.346 0.186%

FAQ

What is the symbol for Waste Connections Inc. Stock and on which exchange is it traded?
The symbol for Waste Connections Inc. is WCN.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Waste Connections Inc. Stock?
Waste Connections 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 Hold/Accumulate to a Strong Buy candidate.

How to buy Waste Connections Inc. Stock?
Waste Connections Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Waste Connections Inc. Stock.

What's the current price of Waste Connections Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Waste Connections Inc. (WCN.TO) share was $233.02.

What is the 52-week high and low for Waste Connections Inc. Stock?
The 52-week high for Waste Connections Inc. Stock is $234.24 and the 52-week low is $174.74.

What is the market capitalization of Waste Connections Inc. Stock?
As of the 2024-03-27, the market capitalization of Waste Connections Inc. is 60.045B.

When is the next earnings date for Waste Connections Inc.?
The upcoming earnings date for Waste Connections Inc. is Apr 24, 2024.
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About Waste Connections Inc.

Waste Connections. Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferro... WCN.TO Profile

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