GXO LOGISTICS INC (GXO) Stock Technical Analysis
NYSE:GXO - New York Stock Exchange, Inc. - US36262G1013 - Common Stock - Currency: USD
Overall GXO gets a technical rating of 8 out of 10. Although GXO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
GXO is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry. GXO outperforms 85% of them.
In the last month GXO has a been trading in the 39.90 - 49.96 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.
GXO has an average volume of 1367340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GXO outperforms 64% of them, which is more or less in line with the market.
GXO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GXO is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GXO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
41.95
62.70
When analyzing the support we notice one important area.
- A support zone ranging from 42.37 to 43.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @48.02 from a horizontal line in the weekly time frame.
- Resistance @62.08 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for GXO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GXO is up. |
| ChartMill Relative Strength | 64.85 | NEUTRAL | GXO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GXO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GXO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.97 | OVERBOUGHT | The high RSI value suggests GXO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests GXO has a positive trend. |
| Stochastics (14,3) | 91.47 | OVERBOUGHT | The high Stochastics value suggests GXO may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for GXO suggests some volalility. |
| Average Directional Index/ADX (14) | 37.23 | POSITIVE | The high ADX value value for GXO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
48.01
-1.09 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-2.22%
1 Week10.98%
2 Weeks12.25%
1 Month21.15%
3 Month22.1%
6 Month12.17%
12 Month-4.93%
2 Year-23.58%
3 Year10.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.5
ATR(20)%2.96%
ATR Inc41.51%
Range Today2.03
ADR(20)1.24
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.85
Mansfield-0.3
10 Day High49.96
10 Day Low42.49
20 Day High49.96
20 Day Low39.9
52 Week High63.33
52 Week Low30.46
CS1 End43.69
CR1 Start48.02
Volume & EV
DER(3)3.61%
DER(5)0.65%
Volume2.58M
Volume Incr212.36%
Vol(5)3.08M
Vol(50)1.37M