REPUBLIC SERVICES INC. - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 87.48 USD
My targets
77.41 USD (-10.67%)
73.77 USD (-14.87%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on REPUBLIC SERVICES INC. as long as the price remains well below 87.48 USD. The next bearish objective for sellers is set at 77.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 73.77 USD. In case of crossing, the next objective would be the support located at 69.20 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REPUBLIC SERVICES INC. rating is 86.66 USD. The price registered a decrease of -0.48% on the session with the lowest point at 86.63 USD and the highest point at 88.07 USD. The deviation from the price is +0.03% for the low point and -1.60% for the high point.86.63
88.07
86.66
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of REPUBLIC SERVICES INC. indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 69.20 | 73.77 | 77.41 | 86.66 | 87.48 | 90.34 |
| Change (%) | -20.15% | -14.87% | -10.67% | - | +0.95% | +4.25% |
| Change | -17.46 | -12.89 | -9.25 | - | +0.82 | +3.68 |
| Level | Intermediate | Minor | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.20 | 86.54 | 86.81 | 87.15 | 87.42 | 87.76 | 88.03 |
| Camarilla | 86.91 | 86.97 | 87.02 | 87.08 | 87.14 | 87.19 | 87.25 |
| Woodie | 86.17 | 86.52 | 86.78 | 87.13 | 87.39 | 87.74 | 88.00 |
| Fibonacci | 86.54 | 86.77 | 86.92 | 87.15 | 87.38 | 87.53 | 87.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.55 | 83.57 | 85.53 | 86.55 | 88.51 | 89.53 | 91.49 |
| Camarilla | 86.66 | 86.93 | 87.21 | 87.48 | 87.75 | 88.03 | 88.30 |
| Woodie | 83.01 | 83.81 | 85.99 | 86.79 | 88.97 | 89.77 | 91.95 |
| Fibonacci | 83.57 | 84.71 | 85.42 | 86.55 | 87.69 | 88.40 | 89.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.58 | 84.46 | 86.86 | 88.74 | 91.13 | 93.01 | 95.41 |
| Camarilla | 88.07 | 88.47 | 88.86 | 89.25 | 89.64 | 90.03 | 90.43 |
| Woodie | 82.84 | 84.59 | 87.11 | 88.86 | 91.39 | 93.14 | 95.66 |
| Fibonacci | 84.46 | 86.09 | 87.10 | 88.74 | 90.37 | 91.38 | 93.01 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.81 | |
| MACD (12,26,9): | -0.5500 | |
| Directional Movement: | -0.60 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 86.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.10 | |
| Elder Ray (13): | 0.61 | |
| Super Trend (3,10): | 88.71 | |
| Zig ZAG (10): | 86.66 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 42.33 | |
| TEMA (21): | 86.01 | |
| Williams %R (14): | -56.27 | |
| Chande Momentum Oscillator (20): | -1.74 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 5.80 |
| MA7: | 86.33 | |
| MA20: | 87.35 | |
| MA50: | 88.11 | |
| MA100: | 86.72 | |
| MAexp7: | 86.70 | |
| MAexp20: | 87.08 | |
| MAexp50: | 87.35 | |
| MAexp100: | 85.96 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | +0.81% |
News
The last news published on REPUBLIC SERVICES INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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