QXO INC (QXO) Stock Technical Analysis
NYSE:QXO - New York Stock Exchange, Inc. - US82846H4056 - Common Stock - Currency: USD
Overall QXO gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, QXO is a bad performer.
83% of all other stocks performed better in the past year than QXO.
QXO is one of the lesser performing stocks in the Trading Companies & Distributors industry. 77% of 49 stocks in the same industry do better.
QXO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so QXO is lagging the market.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month QXO has a been trading in the 15.96 - 20.73 range, which is quite wide. It is currently trading near the high of this range.
QXO has an average volume of 6657040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although QXO has an excellent technical rating, it does not present a decent entry opportunity 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
11.89
19.86
We found 2 important support areas.
- Support @13.28 from a trend line in the weekly time frame.
- Support @12.01 from a horizontal line in the daily 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 QXO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QXO is up. |
| ChartMill Relative Strength | 17.32 | NEGATIVE | QXO has a low relative strength, it was outperformed by 82.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QXO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.86 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests QXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.91 | OVERBOUGHT | The high Stochastics value suggests QXO may be overbought. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for QXO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.41 | POSITIVE | The high ADX value value for QXO 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)
19.66
-0.44 (-2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-2.19%
1 Week3.47%
2 Weeks15.65%
1 Month20.84%
3 Month53.35%
6 Month21.81%
12 Month-85.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%5.16%
ATR Inc-12.38%
Range Today0.57
ADR(20)0.9
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.32
Mansfield-1.05
10 Day High20.73
10 Day Low16.16
20 Day High20.73
20 Day Low15.96
52 Week High157.28
52 Week Low10.61
CS1 End13.28
CR1 StartN/A
Volume & EV
DER(3)-1.3%
DER(5)-0.15%
Volume5.10M
Volume Incr1.55%
Vol(5)8.20M
Vol(50)6.66M