DXP ENTERPRISES INC (DXPE) Stock Technical Analysis
USA - NASDAQ:DXPE - US2333774071 - Common Stock
We assign a technical rating of 5 out of 10 to DXPE. Although DXPE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
DXPE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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70.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 100.37 to 101.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.48 from a trend line in the weekly time frame.
- Support @71.64 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 117.48 to 120.55. 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 | NEUTRAL | NEUTRAL | The short term trend for DXPE is neutral. |
| ChartMill Relative Strength | 82.19 | POSITIVE | DXPE has a high relative strength, it outperformed 82.19% 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) | DOWN | MIXED | The current price of DXPE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.14 | NEUTRAL | The RSI value for DXPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.88 | NEGATIVE | The MACD value suggests DXPE has a negative trend. |
| Stochastics (14,3) | 38.84 | NEUTRAL | The Stochastics value for DXPE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for DXPE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.59 | NEGATIVE | The low ADX value for DXPE suggests a weak or negative trend. |
101.02
+0.65 (+0.65%)
DXP ENTERPRISES INC / DXPE FAQ
What is the technical rating for DXPE stock?
ChartMill assigns a technical rating of 5 / 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 31.1362. 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 -1.87524, 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 neutral.