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Environmental & Facilities Services Industry Stocks Technical Analysis - RSG

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- 11/15/2024 -
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Republic Services Inc. (RSG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the price
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It was the negative week for the Republic Services Inc. (RSG). During the week, the RSG dropped -3.80 points, or -1.80%, and closed at 207.80 on Friday, November 15, 2024. Weekly volume was -18% 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 216.20 on November 13, 2024. RSG gained -201.15 points, or -1336.54%, in 818 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (83.48) 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 216.20 on November 13, 2024. RSG gained -191.48 points, or -774.60%, in 692 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (87.55) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since September 13, 2024. The distance between MACD and the signal line is low and getting smaller. 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 216.20 on November 13, 2024. RSG gained -75.97 points, or -54.18%, in 407 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 202.30 and resistance is at 216.50. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See RSG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (206.44) comes close to the price (207.80). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.95
Williams' Percentage Range (W%R) 41.40
Lane's Stochastic (%D-Slow) 73.32
Greed/Fear Indicator (GFI) 64.29
Moving Average Converg./Diverg. (MACD) 1.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.56
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 56.30
Greed/Fear Indicator (GFI) 59.53
Moving Average Converg./Diverg. (MACD) 5.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 222.65
Weekly Trendline Resistance 216.50
Upper Bollinger Band 216.39
Daily Stochastic Crossing 212.32
Price 207.80
Weekly Stochastic Crossing 207.33
Parabolic System 206.44
20 Day Moving Average 204.95
50 Day Moving Average 203.84
Weekly Trendline Support 202.30
Monthly Trendline Support 200.76
Lower Bollinger Band 196.44
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Environmental & Facilities Services 70
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 197.60
Low Date 10/31/2024
High 216.20
High Date 11/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 216.50
Support 202.30
Low 140.23
Low Date 10/03/2023
High 216.20
High Date 11/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 222.65
Support 200.76
Low 120.58
Low Date 01/20/2023
High 216.20
High Date 11/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 144.23
Support 87.55
Low 24.72
Low Date 08/09/2011
High 216.20
High Date 11/13/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 132.99
Support 83.48
Low 15.05
Low Date 03/10/2009
High 216.20
High Date 11/13/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.