REPUBLIC SERVICES INC (RSG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RSG - US7607591002 - Common Stock
We assign a technical rating of 0 out of 10 to RSG. RSG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, RSG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 214.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 207.22, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
199.03
When analyzing the support we notice one important area.
- A support zone ranging from 201.04 to 207.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 214.16 to 219.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @223.28 from a horizontal line in the daily time frame.
- Resistance @229.28 from a horizontal line in the daily time frame.
- Resistance @238.37 from a horizontal line in the daily time frame.
- Resistance @251.81 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for RSG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RSG is neutral. |
| ChartMill Relative Strength | 37.3 | NEUTRAL | RSG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RSG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RSG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RSG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.8 | NEUTRAL | The RSI value for RSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests RSG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.89 | NEUTRAL | The Stochastics value for RSG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for RSG suggests low volalility. |
| Average Directional Index/ADX (14) | 12.64 | NEGATIVE | The low ADX value for RSG suggests a weak or negative trend. |
213.14
-0.32 (-0.15%)
REPUBLIC SERVICES INC / RSG FAQ
What is the technical rating for RSG stock?
ChartMill assigns a technical rating of 0 / 10 to RSG.
What is the trend direction for RSG stock?
The current trend direction for REPUBLIC SERVICES INC (RSG) is Bearish.
What is the RSI signal for RSG stock?
REPUBLIC SERVICES INC (RSG) has an RSI value of 48.8049. This indicates that the stock is currently neutral.
Can you provide the short term momentum for REPUBLIC SERVICES INC?
The short term momentum for REPUBLIC SERVICES INC (RSG) is neutral.