Meanwhile, Wells Fargo initiated its Stericycle Inc. [SRCL] rating to an Underweight in a research note published on December 08, 2023; the price target was $40. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid April with a ‘”a Hold”‘ rating. Robert W. Baird also remained covering SRCL and has decreased its forecast on February 24, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Berenberg revised its rating on May 12, 2022. It rated SRCL as “a Hold” which previously was an “a Buy”.
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Price Performance Review of SRCL
On Tuesday, Stericycle Inc. [NASDAQ:SRCL] saw its stock fall -0.41% to $58.77. Over the last five days, the stock has lost -0.58%. Stericycle Inc. shares have risen nearly 18.58% since the year began. Nevertheless, the stocks have risen 29.82% over the past one year. While a 52-week high of $59.45 was reached on 06/03/24, a 52-week low of $37.78 was recorded on 05/02/24. SMA at 50 days reached $49.75, while 200 days put it at $47.77. A total of 3.42 million shares were traded, compared to the trading of 2.81 million shares in the previous session.
Levels Of Support And Resistance For SRCL Stock
The 24-hour chart illustrates a support level at 58.59, which if violated will result in even more drops to 58.42. On the upside, there is a resistance level at 59.05. A further resistance level may holdings at 59.34. The Relative Strength Index (RSI) on the 14-day chart is 74.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.55%. Stochastics %K at 96.43% indicates the stock is a selling.
The most recent change occurred on October 15, 2020 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $76 price target.
