QXO INC (QXO) Technical Analysis
NYSE:QXO • US82846H4056
Current stock price
QXO Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to QXO. QXO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month QXO has a been trading in the 18.06 - 23.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- QXO has an average volume of 7645920 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, QXO outperforms 67% of them, which is more or less in line with the market.
- QXO is an average performer in the Trading Companies & Distributors industry, it outperforms 63% of 47 stocks in the same industry.
- QXO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QXO is lagging the market slightly.
QXO Weekly and Daily overview Charts
QXO Setup Rating and Analysis
The technical rating of QXO is bad and it also does not present a quality setup 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
QXO Support and Resistance Analysis
15.94
We found 2 important support areas.
- Support @16.98 from a horizontal line in the weekly time frame.
- Support @16.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.67 to 18.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.73 to 19.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 20.46 to 20.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
QXO 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 | DOWN | NEGATIVE | The long term trend for QXO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QXO is down. |
| ChartMill Relative Strength | 67.62 | NEUTRAL | QXO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QXO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QXO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QXO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.31 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests QXO has a negative trend. |
| Stochastics (14,3) | 17.01 | OVERSOLD | The low Stochastics value suggests QXO may be oversold. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for QXO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.2 | POSITIVE | The high ADX value value for QXO suggests a strong trend. |
QXO Chart- and CandleStick Pattern Analysis
QXO Technicals: Chart, Performance Metrics, Trend & Indicators
18.21
-0.75 (-3.96%)
QXO INC / QXO TA FAQ
What is the technical rating for QXO stock?
ChartMill assigns a technical rating of 1 / 10 to QXO.
What is the current trend direction of QXO INC (QXO) stock?
The current trend direction for QXO INC (QXO) is Bearish.
What is the RSI signal for QXO INC (QXO) stock?
QXO INC (QXO) has an RSI value of 34.311. This indicates that the stock is currently neutral.
What is the short term momentum for QXO stock?
The short term momentum for QXO INC (QXO) is negative.
What is the support and resistance level for QXO stock?
QXO INC (QXO) has a support level at 16.98 and a resistance level at 18.67. Check the full technical report for our detailed analysis of QXO support and resistance levels.