PROGRESSIVE WASTE SOLUTIONS LT (BIN) Technical Analysis
NYSE:BIN • CA74339G1019
Current stock price
BIN Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to BIN. BIN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month BIN has a been trading in the 31.51 - 34.26 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- BIN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BIN is performing more or less in line with the market.
- Looking at the yearly performance, BIN did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Volume is considerably higher in the last couple of days.
BIN Weekly and Daily overview Charts
BIN Setup Rating and Analysis
BIN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
BIN Support and Resistance Analysis
29.68
We found 1 important support area.
- Support @29.98 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.80 to 33.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
BIN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BIN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BIN is neutral. |
| ChartMill Relative Strength | 70.34 | POSITIVE | BIN has a high relative strength, it outperformed 70.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BIN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.34 | NEUTRAL | The RSI value for BIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests BIN has a negative trend. |
| Stochastics (14,3) | 13.94 | OVERSOLD | The low Stochastics value suggests BIN may be oversold. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for BIN suggests low volalility. |
BIN Chart- and CandleStick Pattern Analysis
BIN Technicals: Chart, Performance Metrics, Trend & Indicators
31.61
-1.16 (-3.54%)
PROGRESSIVE WASTE SOLUTIONS LT / BIN TA FAQ
Can you provide the ChartMill technical rating for PROGRESSIVE WASTE SOLUTIONS LT?
ChartMill assigns a technical rating of 6 / 10 to BIN.
What is the trend direction for BIN stock?
The current trend direction for PROGRESSIVE WASTE SOLUTIONS LT (BIN) is Bullish.
What is the RSI signal for BIN stock?
PROGRESSIVE WASTE SOLUTIONS LT (BIN) has an RSI value of 41.3381. This indicates that the stock is currently neutral.
What is the support and resistance level for BIN stock?
PROGRESSIVE WASTE SOLUTIONS LT (BIN) has a support level at 29.98 and a resistance level at 33.8. Check the full technical report for our detailed analysis of BIN support and resistance levels.