DXP ENTERPRISES INC (DXPE) Technical Analysis
NASDAQ:DXPE • US2333774071
Current stock price
DXPE Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to DXPE. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month DXPE has a been trading in the 125.23 - 171.70 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that DXPE is one of the better performing stocks in the market, outperforming 89% of all stocks.
- DXPE is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry. DXPE outperforms 95% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- DXPE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DXPE is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
DXPE Weekly and Daily overview Charts
DXPE Setup Rating and Analysis
DXPE has an average technical rating and the quality of the presented setup is also not ideal 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
91.41
We found 4 important support areas.
- A support zone ranging from 128.57 to 128.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.16 from a trend line in the weekly time frame.
- Support @97.99 from a trend line in the weekly time frame.
- Support @92.33 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 133.13 to 133.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | DOWN | NEGATIVE | The short term trend for DXPE is down. |
| ChartMill Relative Strength | 89.03 | POSITIVE | DXPE has a high relative strength, it outperformed 89.03% 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) | UP | MIXED | The current price of DXPE is below 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) | 39.52 | NEUTRAL | The RSI value for DXPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.66 | NEGATIVE | The MACD value suggests DXPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.05 | OVERSOLD | The low Stochastics value suggests DXPE may be oversold. |
| Average True Range in percent/ATR (20) | 6.58 | HIGH VOLATILITY | The high ATR as a percentage value for DXPE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for DXPE suggests a possible start of a new trend. |
DXPE Chart- and CandleStick Pattern Analysis
DXPE Technicals: Chart, Performance Metrics, Trend & Indicators
128.58
-2.58 (-1.97%)
DXP ENTERPRISES INC / DXPE TA FAQ
What is the technical rating for DXPE stock?
ChartMill assigns a technical rating of 6 / 10 to DXPE.
What is the current trend direction of DXP ENTERPRISES INC (DXPE) stock?
The current trend direction for DXP ENTERPRISES INC (DXPE) is Bullish.
Can you provide the RSI signal for DXP ENTERPRISES INC?
DXP ENTERPRISES INC (DXPE) has an RSI value of 39.516. This indicates that the stock is currently neutral.
What is the MACD signal for DXP ENTERPRISES INC (DXPE) stock?
The MACD indicator for DXP ENTERPRISES INC (DXPE) has a value of -1.6635, indicating a bearish trend.
Can you provide the buy/sell signal for DXP ENTERPRISES INC?
The buy/sell signal for DXP ENTERPRISES INC (DXPE) is hold as the short term and long term trends are mixed.