Republic Services Technical Analysis (NYSE:RSG)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The RSG stock chart pattern can give those who understand technical analysis an indication of which way RSG stock is headed, but cannot predict with 100% certainty as to what can happen to the Republic Services stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Republic Services. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Republic Services stock analysis.
Republic Services Moving Average
Moving averages help predict the price direction of RSG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Republic Services are mostly signals of long term trends and will help long term traders.
Republic Services Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RSG stock. Republic Services bollinger bands show that the stock price is $64.86, upper band is 70.85, lower band is 61.17, and the average is 66.01.
Republic Services Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Republic Services MACD line is below the signal line.
Republic Services Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of RSG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.