The second phase of the waste-to-energy project will process up to 2,900 tons of waste per day while supporting resource recovery and evaluating future carbon capture integration.The joint venture will provide planning, design, procurement support, construction supervision, testing and commissioning services.The consortium previously served as Owner’s Engineer for Phase 1 and said its continued involvement brings familiarity with the site and broader Tuas Nexus development.AECOM Technical Analysis: Oversold Signals And Key LevelsAECOM’s stock has struggled over the past year, down 33.72% from its 12-month high.Currently, the stock is trading 8.3% below its 20-day simple moving average (SMA) of $78.80 and 31.8% below its 200-day SMA of $105.94.The RSI is at 30.83, indicating the stock is oversold and suggesting a potential rebound if buying interest increases.
Key Resistance: $86.00 — a nearby level where rebounds can stall.
Key Support: $67.50 — a nearby level where buyers previously stepped in.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $110.00. Recent analyst moves include:
Barclays: Equal-Weight (Lowers forecast to $90.00) (May 19)
