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- 11/22/2024 -
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Republic Services Inc. (RSG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 217.21
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It was a first positive week for the Republic Services Inc. (RSG). During the week, the RSG gained 8.50 points, or 4.09%, and closed at 216.30 on Friday, November 22, 2024. Weekly volume was -30% 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 216.30 on November 22, 2024. RSG gained -201.25 points, or -1337.21%, in 819 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (83.57) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 216.30 on November 22, 2024. RSG gained -191.58 points, or -775%, in 693 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (87.65) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

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 216.30 on November 22, 2024. RSG gained -76.07 points, or -54.25%, in 416 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (217.21). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See RSG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.61
Williams' Percentage Range (W%R) 6.90
Strong Overbought
Lane's Stochastic (%D-Slow) 69.07
Bearish
Greed/Fear Indicator (GFI) 79.58
Moving Average Converg./Diverg. (MACD) 2.11 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.50
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 57.95
Greed/Fear Indicator (GFI) 69.40
Moving Average Converg./Diverg. (MACD) 5.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 223.66
Upper Bollinger Band 220.35
Weekly Trendline Resistance 217.21
Price 216.30
Daily Stochastic Crossing 213.90
Weekly Stochastic Crossing 209.03
20 Day Moving Average 207.43
Parabolic System 206.69
50 Day Moving Average 204.55
Weekly Trendline Support 203.37
Monthly Trendline Support 201.78
Lower Bollinger Band 197.42
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Environmental & Facilities Services 81
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 197.60
Low Date 10/31/2024
High 216.30
High Date 11/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 217.21
Support 203.37
Low 140.23
Low Date 10/03/2023
High 216.30
High Date 11/22/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 223.66
Support 201.78
Low 120.58
Low Date 01/20/2023
High 216.30
High Date 11/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 144.41
Support 87.65
Low 24.72
Low Date 08/09/2011
High 216.30
High Date 11/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 133.14
Support 83.57
Low 15.05
Low Date 03/10/2009
High 216.30
High Date 11/22/2024
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.