PROGRESSIVE WASTE SOLUTIONS LT (BIN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BIN - CA74339G1019
We assign a technical rating of 6 out of 10 to BIN. In the last year, BIN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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
29.68
We found 1 important support area.
- Support @29.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important 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.
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. |
31.61
-1.16 (-3.54%)
PROGRESSIVE WASTE SOLUTIONS LT / BIN 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.
Can you provide the RSI signal for PROGRESSIVE WASTE SOLUTIONS LT?
PROGRESSIVE WASTE SOLUTIONS LT (BIN) has an RSI value of 41.3381. This indicates that the stock is currently neutral.
What is the MACD signal for PROGRESSIVE WASTE SOLUTIONS LT (BIN) stock?
The MACD indicator for PROGRESSIVE WASTE SOLUTIONS LT (BIN) has a value of -0.239566, indicating a bearish trend.
What are the support and resistance levels for PROGRESSIVE WASTE SOLUTIONS LT (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.