GFL Environmental's 15min chart triggered KDJ Death Cross, Bearish Marubozu.

GFL Environmental's 15-minute chart has recently triggered a KDJ Death Cross and a Bearish Marubozu pattern, which occurred on September 3rd, 2023 at 13:00. This indicates a shift in momentum towards the downside, with potential for further price decreases. Sellers currently dominate the market, and the bearish momentum is likely to persist.

GFL Environmental Inc. (GFL) has seen significant market activity in recent weeks, with its 15-minute chart triggering a KDJ Death Cross and a Bearish Marubozu pattern on September 3rd, 2023, at 13:00. These technical indicators suggest a shift in momentum towards the downside, potentially leading to further price decreases. The market is currently dominated by sellers, indicating a persistent bearish trend [1].

In addition to the technical indicators, GFL has been involved in strategic financial moves. The company recently agreed to a recapitalization deal with Energy Capital Partners for its construction subsidiary, Green Infrastructure Partners (GIP). Under this agreement, GFL will receive $200 million and own approximately 30.1% of GIP's interest, with an enterprise value of $4.25 billion. This deal follows GFL's sale of its environmental services division to Apollo and BC Partners for $5.6 billion earlier this year [2].

The recapitalization deal is a strategic move for GFL, providing immediate liquidity and strengthening its financial position. The company has been a strong performer in the waste management and recycling sector, outperforming the market by an annualized basis of 10.11% over the past five years. This consistent performance has attracted significant investment from various institutional investors, including Copeland Capital Management LLC, Nordea Investment Management AB, and Portolan Capital Management LLC [2].

Analysts remain bullish on GFL's stock. According to MarketBeat, out of 11 analysts who have issued ratings for GFL Environmental in the last 12 months, the stock has a consensus rating of "Buy." The average twelve-month stock price forecast for GFL is $57.57, with a high forecast of $60.00 and a low forecast of $54.00 [3]. This indicates a potential upside of 15.54% from the current price of $49.83.

References:
[1] https://www.ainvest.com/news/gfl-environmental-15min-chart-triggered-kdj-death-cross-bearish-marubozu-2509-7/
[2] https://www.ainvest.com/news/gfl-environmental-recapitalizes-gip-boosts-stake-30-1-2508/
[3] https://www.marketbeat.com/stocks/NYSE/GFL/forecast/