GXO LOGISTICS INC (GXO) Technical Analysis
NYSE:GXO • US36262G1013
Current stock price
GXO Technical Rating and Analysis
Taking everything into account, GXO scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GXO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GXO is one of the better performing stocks in the market, outperforming 85% of all stocks.
- GXO is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 72% of 23 stocks in the same industry.
- GXO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GXO is lagging the market slightly.
- In the last month GXO has a been trading in the 48.55 - 60.21 range, which is quite wide. It is currently trading near the high of this range.
- GXO has an average volume of 1310990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GXO Weekly and Daily overview Charts
GXO Setup Rating and Analysis
Besides having an excellent technical rating, GXO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for GXO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GXO Support and Resistance Analysis
47.59
5 important support areas can be observed.
- A support zone ranging from 55.43 to 56.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.12 from a horizontal line in the daily time frame.
- Support @50.93 from a trend line in the weekly time frame.
- Support @49.32 from a trend line in the daily time frame.
- Support @48.07 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 58.27 to 58.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.60 to 65.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
GXO 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 GXO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GXO is up. |
| ChartMill Relative Strength | 85.18 | POSITIVE | GXO has a high relative strength, it outperformed 85.18% off all stocks 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) | DOWN | MIXED | The current price of GXO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.36 | NEUTRAL | The RSI value for GXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests GXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.18 | OVERBOUGHT | The high Stochastics value suggests GXO may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for GXO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.13 | NEUTRAL | The ADX value for GXO suggests a possible start of a new trend. |
GXO Chart- and CandleStick Pattern Analysis
GXO 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 |
|---|---|---|---|
| 60.22 | 58.26 | 1.96 (3.25%) | 25.00% |
| An entry @60.22. This is a Buy Stop order right above the 10 day high. | An exit @58.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.96 points, which is 3.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The distance between exit and entry is rather small compared to the average daily movement of GXO. 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.
GXO Technicals: Chart, Performance Metrics, Trend & Indicators
57.36
-1.26 (-2.15%)
GXO LOGISTICS INC / GXO TA FAQ
Can you provide the ChartMill technical rating for GXO LOGISTICS INC?
ChartMill assigns a technical rating of 8 / 10 to GXO.
What is the trend direction for GXO stock?
The current trend direction for GXO LOGISTICS INC (GXO) is Bullish.
What is the RSI signal for GXO stock?
GXO LOGISTICS INC (GXO) has an RSI value of 61.3636. This indicates that the stock is currently neutral.
What is the MACD signal for GXO LOGISTICS INC (GXO) stock?
The MACD indicator for GXO LOGISTICS INC (GXO) has a value of 0.760939, indicating a bearish trend.
What are the support and resistance levels for GXO LOGISTICS INC (GXO) stock?
GXO LOGISTICS INC (GXO) has a support level at 58.61 and a resistance level at 65.6. Check the full technical report for our detailed analysis of GXO support and resistance levels.