United

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>RSG stock price failed to grab the momentum and showed rejection from the trendline.</a> </li> 
 <li> <span>2</span> <a>Buyers did not manage to hold $150, is heading toward the 200-day EMA.</a> </li> 
</ul> 
<p>Republic Services (NYSE: RSG) RSG stock price is below the 100-day EMA. The sellers might be looking to push RSG stock toward the 200-day EMA region near $140. Besides that, RSG stock has retested its trendline and faced rejection, which shows that the trend may shift the price to the swing lows of $135 in the upcoming sessions.&nbsp;</p> 
<p>However, RSG stock price was in an uptrend and has stayed in the bull trajectory, which gave a strong conviction that any further dips, if they come, could be buying opportunities for the bulls. RSG stock may continue to show bullishness for the following sessions. Furthermore, the buying interest was intact, and the trend was strong per the technicals.</p> 
<p>As per the options chain data, at the strike price of $140, massive put writing of 1.35 lakh shares shows strong support, whereas on the strike price of $150, significant call writing of 53.4K shares, implying bulls need strong momentum to escape. Moreover, the RSG stock has a lower trajectory of $135 below the 200-day EMA, a strong support zone.</p> 
<p>At press time. RSG stock price was $144.73 with an intraday drop of 0.65%, showing mild negativity in yesterday’s trading session. Moreover, the trading volume increased by 0.34% to 874.778K, and the market cap is $45.782 Billion. However, analysts maintained a buy rating with a yearly target price of $165.70.</p> 
<p>Republic Services, Inc. engages in the provision of environmental services. It operates through the following segments: Group 1, Group 2, and Group 3. The Group 1 segment focuses on recycling and solid waste in geographic areas in the western United States. The Group 2 segment includes the recycling and solid waste business in geographic areas located in the southeastern mid-western and the eastern seaboard of the United States.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-rsg-stock-chase-the-buying-momentum-strong"><strong>Will RSG Stock Chase the Buying Momentum?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-1024x464.png" alt="RSG Stock Price Fails to Hold $150, Will Bulls Regain Strength?" class="wp-image-172014" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-966.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: RSG Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, RSG stock price is trading close to the support zone of $140, where a strong support zone was witnessed as per the option chain data, and a remarkable bounce can be anticipated from there. Moreover, the RSG stock price is close to the 50% Fib zone, and the bulls could retest the 20-day EMA spot near $148.</p> 
<p>Furthermore, the RSI curve showcased the steep decline from the overbought zone and is forming a bearish divergence, indicating the sudden decline in the last trading session. The MACD showed a bearish crossover and formed red bars on the histogram, showing the bears’ strength on the charts.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/28/paypal-pypl-stock-pypl-stock-has-never-been-this-cheaper/" target="_blank" rel="noreferrer noopener">Republic Service (RSG stock)</a> price is trading close to the support zone of $140 and may rebound in the following sessions. Furthermore, the price is close to the mid-Bollinger band, where bears need momentum while the buyers show willingness to hold the region.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $140 and $135</p> 
<p>Resistance Levels: $150 and $160</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

RSG Stock Price Fails to Hold $150, Will Bulls Regain Strength?

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