GXO Technical Analysis - GXO LOGISTICS INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to GXO. GXO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

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 48.66 - 53.84 range, which is quite wide. It is currently trading near the high of this range.

GXO has an average volume of 1023260 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 52% of them, which is more or less in line with the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GXO LOGISTICS INC / GXO Weekly stock chart

GXO LOGISTICS INC / GXO Daily stock chart

Setup Rating and Analysis

GXO has an average technical rating and also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

49.15

62.70

We found 2 important support areas.

Support @53.63 from a trend line in the weekly time frame.
A support zone ranging from 49.65 to 51.41. 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 54.60 to 54.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @62.08 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The short term trend for GXO is neutral.
ChartMill Relative Strength	52.83	NEUTRAL	GXO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of GXO is above a declining 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)	UP	POSITIVE	The current price of GXO is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.86	NEUTRAL	The RSI value for GXO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests GXO has a positive trend.
Stochastics (14,3)	63.95	NEUTRAL	The Stochastics value for GXO is a neutral value.
Average True Range in percent/ATR (20)	2.81	MEDIUM VOLATILITY	The ATR as a percentage value for GXO suggests some volalility.
Average Directional Index/ADX (14)	10.21	NEGATIVE	The low ADX value for GXO suggests a weak or negative trend.