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Republic Services (RSG) Stock Signal: Should You Collect It Now?

By Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked with...

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Long Trade Idea

Enter your long position between $220.78 (the lower band of its horizontal support zone) and $229.25 (the upper band of its horizontal support zone).

Market Index Analysis

  • Republic Services (RSG) is a member of the S&P 500 Index.
  • This index attempts to keep the bull market alive, while bearish signals are strengthening.
  • The Bull Bear Power Indicator of the S&P 500 is bearish with a descending trendline.

Market Sentiment Analysis

Equity markets swung widely yesterday, as they viewed Powell’s comments about a weakening labor market as signs of more interest rate cuts. He also stated that inflationary upward pressures are primarily due to tariffs rather than broad-based inflation. Another sign of tariff impacts is average transaction prices for new cars, which exceeded $50,000 for the first time. Citigroup also warned of frothy, overvalued markets as the AI bubble expands. Uncertainty over the US-China tariff spat should keep volatility elevated.

Republic Services Fundamental Analysis

Republic Services is the second-largest US waste disposal company by revenue. It conducts non-hazardous solid waste collection, waste transfer, waste disposal, recycling, and energy services. It also operates 79 landfill gas-to-energy and other renewable energy projects.

So, why am I bullish on RSG, despite its 10%+ correction?

Republic Services provides a necessary community service that is not affected by economic conditions. Excellent profit margins and a bullish long-term revenue outlook add to a bullish investment case, and its operating margins confirm an exceptional management team behind RSG. The dividend keeps rising, and I like the approach to recycling and renewable energy. Smaller strategic acquisitions are positive for the RSG outlook.

Republic Services Fundamental Analysis Snapshot

Republic Services Fundamental Analysis Snapshot

The price-to-earning (P/E) ratio of 32.92 makes RSG an expensive stock. By comparison, the P/E ratio for the S&P 500 is 29.91.

The average analyst price target for RSG is $258.55. It suggests moderate upside potential with acceptable downside risks.

Republic Services Technical Analysis

Today’s RSG Signal

Republic Services Signal 15/10: Should You Collect It -Chart

Republic Services Price Chart

  • The RSG D1 chart shows price inside a massive horizontal support zone.
  • It also shows price action between the descending 0.0% and 38.2% Fibonacci Retracement Fan levels.
  • The Bull Bear Power Indicator is bearish, but a positive divergence has formed.
  • The average bullish trading volumes are higher than the bearish trading volumes.
  • RSG corrected as the S&P 500 advanced, a bearish development, but bullish and breakout factors are rising.

My Call on Republic Services

I am taking a long position in RSG between $220.78 and $229.25. RSG has excellent profit margins, a superb management team, a sound business model that can resist economic uncertainty, and a rising dividend.

  • RSG Entry Level: Between $220.78 and $229.25
  • RSG Take Profit: Between $253.38 and $258.75
  • RSG Stop Loss: Between $205.81 and $211.27
  • Risk/Reward Ratio: 2.18

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Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

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