WCN Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for WCN for the next trading week:
Technical Analysis
- Current price: $177.71
- Key Fibonacci levels show resistance at $180.14 and support at $174.52
- RSI(14) at 51.36 indicates neutral momentum
- MACD at -0.13 suggests slight bearish pressure
- 20-day SMA at $174.70 and 200-day SMA at $176.44 indicate the stock is trading above key moving averages
News Sentiment Analysis
- Recent ETF flows data shows mixed signals - outflows detected in early January followed by inflows in late January
- Received high rating of 77% from Validea's P/B Growth Investor model, indicating strong fundamentals
Price Target Projection Based on technical indicators and recent price action:
- Resistance level: $180.14 (Fibonacci R1)
- Support level: $174.52 (Fibonacci S1)
- Expected trading range: $174.52 - $180.14
Trading Recommendation The stock is expected to trade sideways with slight bearish bias in the coming week:
- Short-term target: $175.50 (-1.2% from current price)
- Stop loss: $180.50
- Recommendation: SELL with tight stops above $180.50
Key reasons:
- Negative MACD indicates loss of upward momentum
- Price is approaching resistance at $180 level
- Mixed institutional flows suggest lack of strong buying pressure
The stock may find support around the 20-day SMA at $174.70 which aligns with the Fibonacci S1 level at $174.52. Traders should monitor for a potential bounce if price reaches this support zone.
WCN Similar Chart Price Prediction
The price of WCN is predicted to go up 12.76%, based on the high correlation periods with ALNY. The similarity of these two price pattern on the periods is 98.33%.
WCN
ALNY
Up: 12.76%Similarity: 98.33%
WCN Revenue Forecast
WCN EPS Forecast
WCN FAQs
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WCN VS S&P500
Waste Connections enjoys strong pricing power-a feature of its wide economic moat. This pricing power has allowed the firm to defend profit margins in the current inflationary environment.
The firm's long-running focus on serving secondary (rural and suburban) markets helps minimize exposure to price competition.
Waste Connections generates industry-leading EBITDA margins, and it has a record of applying its operational know-how to improve the profitability of acquired businesses.
WCN Analyst's Forecast
Stephanie Moore
Jefferies
Strong Buy
Price Target
$225 → $210
Upside
+17.06%
Jefferies lowered the firm's price target on Waste Connections to $210 from $225 and keeps a Buy rating on the shares. The firm continues to like the waste group in general given its view that margins should come in at the high-end or above historical levels, driven by "healthy" pricing, a rebound in volumes and company-specific margin drivers. In the group, Jefferies favors companies with idiosyncratic stories, benefiting from defensive business models, improving organic growth, and steady margin expansion, the analyst tells investors.
Noah Kaye
Oppenheimer
Buy
Price Target
$192 → $195
Upside
+8.36%
Patrick Tyler Brown
Raymond James
Strong Buy
Price Target
$208 → $205
Upside
+16.56%