QXO INC (QXO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:QXO - US82846H4056 - Common Stock
Taking everything into account, QXO scores 10 out of 10 in our technical rating. 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.
Although QXO has an excellent technical rating, it does not offer a high 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
14.58
We found 5 important support areas.
- A support zone ranging from 19.70 to 20.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.78 from a trend line in the weekly time frame.
- Support @16.97 from a trend line in the daily time frame.
- Support @16.38 from a horizontal line in the daily time frame.
- Support @14.73 from a trend 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 | 91.9 | POSITIVE | QXO has a high relative strength, it outperformed 91.9% 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) | 69.12 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests QXO has a positive trend. |
| Stochastics (14,3) | 90.71 | OVERBOUGHT | The high Stochastics value suggests QXO may be overbought. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.5 | POSITIVE | The high ADX value value for QXO suggests a strong trend. |
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+0.35 (+1.42%)
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 69.116. 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 20. Check the full technical report for our detailed analysis of QXO support and resistance levels.