QXO INC (QXO) Stock Technical Analysis
USA - NYSE:QXO - US82846H4056 - Common Stock
Taking everything into account, QXO scores 1 out of 10 in our technical rating. 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 technical rating of QXO is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.19 to 17.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.34 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 18.41 to 18.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.22 to 20.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for QXO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QXO is neutral. |
| ChartMill Relative Strength | 57.36 | NEUTRAL | QXO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QXO is above 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) | UP | POSITIVE | The current price of QXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.03 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests QXO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.09 | NEUTRAL | The Stochastics value for QXO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.75 | NEGATIVE | The low ADX value for QXO suggests a weak or negative trend. |
18.4
+1.21 (+7.04%)
QXO INC / QXO FAQ
What is the technical rating for QXO stock?
ChartMill assigns a technical rating of 1 / 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 51.0255. 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 -0.00285114, indicating a bearish trend.
Can you provide the support and resistance levels for QXO INC?
QXO INC (QXO) has a support level at 17.44 and a resistance level at 18.41. Check the full technical report for our detailed analysis of QXO support and resistance levels.