DXP ENTERPRISES INC (DXPE) Stock Technical Analysis
USA - NASDAQ:DXPE - US2333774071 - Common Stock
Taking everything into account, DXPE scores 1 out of 10 in our technical rating. DXPE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of DXPE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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71.34
We found 4 important support areas.
- Support @100.01 from a horizontal line in the weekly time frame.
- Support @97.99 from a horizontal line in the daily time frame.
- Support @95.33 from a trend line in the weekly time frame.
- Support @72.06 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 118.01 to 119.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @125.40 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DXPE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DXPE is down. |
| ChartMill Relative Strength | 77.21 | POSITIVE | DXPE has a high relative strength, it outperformed 77.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DXPE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DXPE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DXPE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.37 | NEUTRAL | The RSI value for DXPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.48 | NEGATIVE | The MACD value suggests DXPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.53 | OVERSOLD | The low Stochastics value suggests DXPE may be oversold. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for DXPE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for DXPE suggests a possible start of a new trend. |
100.02
+2.03 (+2.07%)
DXP ENTERPRISES INC / DXPE FAQ
What is the technical rating for DXPE stock?
ChartMill assigns a technical rating of 1 / 10 to DXPE.
Can you provide the trend direction for DXP ENTERPRISES INC?
The current trend direction for DXP ENTERPRISES INC (DXPE) is Bearish.
What is the RSI signal for DXPE stock?
DXP ENTERPRISES INC (DXPE) has an RSI value of 32.367. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DXP ENTERPRISES INC?
The MACD indicator for DXP ENTERPRISES INC (DXPE) has a value of -2.47609, indicating a bearish trend.
What is the short term momentum for DXP ENTERPRISES INC (DXPE) stock?
The short term momentum for DXP ENTERPRISES INC (DXPE) is negative.