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Archive - 3/15/2024 - Sign In to see current Signals. |
Republic Services Inc. (RSG) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Republic Services Inc. (RSG). During the week, the RSG gained 2.12 points, or 1.15%, and closed at 186.31 on Friday, March 15, 2024. Weekly volume was -17% below average. RSG is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See RSG long-term trend chart] A long-term uptrend had started on March 10, 2009 at 15.05 and reached 192.57 on February 28, 2024. RSG gained -177.52 points, or -1179.53%, in 781 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (80.51) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See RSG medium-term trend chart] A medium-term uptrend had started on August 9, 2011 at 24.72 and reached 192.57 on February 28, 2024. RSG gained -167.85 points, or -679.00%, in 655 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (84.21) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See RSG weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic or strongly overbought weekly Relative Strength Index. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help. Short-term trend: [See RSG short-term trend chart] A short-term uptrend had started on October 3, 2023 at 140.23 and reached 192.57 on February 28, 2024. RSG gained -52.34 points, or -37.32%, in 148 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (187.73) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend. Daily Technical Indicators: [See RSG daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 4, 2024. The distance between MACD and the signal line is low and getting smaller. A Parabolic SAR (stop and reversal) indicator (187.58) comes close to the price (186.31). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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