GXO LOGISTICS INC (GXO) Stock Technical Analysis
NYSE:GXO - New York Stock Exchange, Inc. - US36262G1013 - Common Stock - Currency: USD
Taking everything into account, GXO scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GXO was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, GXO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.06, a Stop Loss order could be placed below this zone.
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39.12
When analyzing the support we notice one important area.
- A support zone ranging from 39.52 to 41.06. 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.
- A resistance zone ranging from 41.80 to 42.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 61.33 to 62.08. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for GXO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GXO is up. |
| ChartMill Relative Strength | 31.78 | 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 | NEGATIVE | The current price of GXO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.62 | NEUTRAL | The RSI value for GXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GXO has a negative trend. |
| Stochastics (14,3) | 55.17 | NEUTRAL | The Stochastics value for GXO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GXO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.45 | POSITIVE | The high ADX value value for GXO suggests a strong trend. |
41.14
-0.51 (-1.22%)