DXP ENTERPRISES INC (DXPE) Technical Analysis
NASDAQ:DXPE • US2333774071
Current stock price
DXPE Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to DXPE. Both in the recent history as in the last year, DXPE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DXPE did better than 91% of all other stocks. On top of that, DXPE also shows a nice and consistent pattern of rising prices.
- DXPE is part of the Trading Companies & Distributors industry. There are 46 other stocks in this industry. DXPE outperforms 91% of them.
- DXPE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DXPE has a been trading in the 130.80 - 164.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DXPE Weekly and Daily overview Charts
DXPE Setup Rating and Analysis
DXPE has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
DXPE Support and Resistance Analysis
103.72
4 important support areas can be observed.
- A support zone ranging from 154.83 to 155.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @151.14 from a horizontal line in the daily time frame.
- A support zone ranging from 139.99 to 140.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @104.77 from a trend line in the weekly time frame.
DXPE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for DXPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DXPE is up. |
| ChartMill Relative Strength | 91.63 | POSITIVE | DXPE has a high relative strength, it outperformed 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DXPE is above the rising 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) | 70.56 | OVERBOUGHT | The high RSI value suggests DXPE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.41 | POSITIVE | The MACD value suggests DXPE has a positive trend. |
| Stochastics (14,3) | 90.03 | OVERBOUGHT | The high Stochastics value suggests DXPE may be overbought. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for DXPE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for DXPE suggests a possible start of a new trend. |
DXPE Chart- and CandleStick Pattern Analysis
DXPE Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 164.01 | 154.82 | 9.19 (5.60%) | 17.85% |
| An entry @164.01. This is a Buy Stop order right above the 10 day high. | An exit @154.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.19 points, which is 5.60%. | For a 1.00% total portfolio risk, you can invest 17.85% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DXPE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DXPE Technicals: Chart, Performance Metrics, Trend & Indicators
163.77
+3.23 (+2.01%)
DXP ENTERPRISES INC / DXPE TA FAQ
What is the technical rating for DXPE stock?
ChartMill assigns a technical rating of 10 / 10 to DXPE.
What is the trend direction for DXPE stock?
The current trend direction for DXP ENTERPRISES INC (DXPE) is Bullish.
What is the RSI signal for DXP ENTERPRISES INC (DXPE) stock?
DXP ENTERPRISES INC (DXPE) has an RSI value of 70.5627. This indicates that the stock is currently overbought.
What is the short term momentum for DXPE stock?
The short term momentum for DXP ENTERPRISES INC (DXPE) is positive.
What is the support and resistance level for DXPE stock?
DXP ENTERPRISES INC (DXPE) has a support level at 155.92. Check the full technical report for our detailed analysis of DXPE support and resistance levels.