QXO INC (QXO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:QXO - US82846H4056 - Common Stock
Overall QXO gets a technical rating of 4 out of 10. QXO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
QXO has an average technical rating and it also 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.
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14.35
When analyzing the support we can see 3 important areas.
- Support @16.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.28 to 16.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.49 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.34 to 19.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.99 from a trend line in the weekly time frame.
- Resistance @22.03 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 | NEUTRAL | NEUTRAL | The long term trend for QXO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QXO is up. |
| ChartMill Relative Strength | 43.98 | NEUTRAL | QXO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of QXO is above a declining 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) | 60.28 | 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) | 82.84 | OVERBOUGHT | The high Stochastics value suggests QXO may be overbought. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for QXO suggests a weak or negative trend. |
19.33
+1 (+5.46%)
QXO INC / QXO FAQ
What is the technical rating for QXO stock?
ChartMill assigns a technical rating of 4 / 10 to QXO.
What is the trend direction for QXO stock?
The current trend direction for QXO INC (QXO) is Bearish.
Can you provide the RSI signal for QXO INC?
QXO INC (QXO) has an RSI value of 60.2756. This indicates that the stock is currently neutral.
What is the MACD signal for QXO INC (QXO) stock?
The MACD indicator for QXO INC (QXO) has a value of 0.300799, indicating a bearish trend.
Can you provide the support and resistance levels for QXO INC?
QXO INC (QXO) has a support level at 16.98 and a resistance level at 19.34. Check the full technical report for our detailed analysis of QXO support and resistance levels.