QXO INC (QXO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:QXO • US82846H4056
Overall QXO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, QXO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, QXO did better than 93% of all other stocks. On top of that, QXO also shows a nice and consistent pattern of rising prices.
- QXO is part of the Trading Companies & Distributors industry. There are 51 other stocks in this industry. QXO outperforms 90% of them.
- QXO 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 QXO is lagging the market slightly.
- QXO has an average volume of 8150680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month QXO has a been trading in the 20.91 - 25.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QXO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
14.82
We found 5 important support areas.
- A support zone ranging from 21.96 to 22.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.04 to 21.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.36 from a trend line in the weekly time frame.
- Support @16.38 from a horizontal line in the daily time frame.
- Support @14.97 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @25.00 from a horizontal line 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 | 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 | 93.08 | POSITIVE | QXO has a high relative strength, it outperformed 93.08% off all stocks 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) | 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) | 52.24 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests QXO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.31 | NEUTRAL | The Stochastics value for QXO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for QXO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 25.01 | 21.95 | 3.06 (12.24%) | 8.17% |
| An entry @25.01. This is a Buy Stop order right above the resistance zone. | An exit @21.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.06 points, which is 12.24%. | For a 1.00% total portfolio risk, you can invest 8.17% of your capital in this trade. |
- 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.
23.21
-0.1 (-0.43%)
QXO INC / QXO FAQ
What is the technical rating for QXO stock?
ChartMill assigns a technical rating of 10 / 10 to QXO.
What is the current trend direction of QXO INC (QXO) stock?
The current trend direction for QXO INC (QXO) is Bullish.
What is the RSI signal for QXO INC (QXO) stock?
QXO INC (QXO) has an RSI value of 52.2405. 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 positive.
What is the support and resistance level for QXO stock?
QXO INC (QXO) has a support level at 22.28 and a resistance level at 25. Check the full technical report for our detailed analysis of QXO support and resistance levels.