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Republic Services Inc. (RSG) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Republic Services Inc. (RSG). During the week, the RSG dropped -4.01 points, or -2.76%, and closed at 141.08 on Friday, May 26, 2023. It was the worst weekly loss since December 16, 2022. Weekly volume was -17% 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 August 9, 2011 at 24.72 and reached 149.30 on May 12, 2023. RSG gained -124.58 points, or -503.96%, in 613 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (80.25) 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 January 20, 2023 at 120.58 and reached 149.30 on May 12, 2023. RSG gained -28.72 points, or -23.82%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 135.32 and resistance is at 152.35. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See RSG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since March 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See RSG short-term trend chart]
A short-term downtrend had started on May 12, 2023 at 149.30 and reached 140.70 on May 25, 2023. RSG lost 8.60 points, or 5.76%, in 13 days. Price is near the trend low.
 Daily Technical Indicators: [See RSG daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 16, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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