QXO INC (QXO) Stock Technical Analysis
NYSE:QXO - New York Stock Exchange, Inc. - US82846H4056 - Common Stock - Currency: USD
Taking everything into account, QXO scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month QXO has a been trading in the 18.76 - 22.28 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, QXO did better than 92% of all other stocks. We also observe that the gains produced by QXO over the past year are nicely spread over this period.
QXO is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 91% of 48 stocks in the same industry.
QXO has an average volume of 9147780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
QXO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QXO is lagging the market.
Considerably lower volume is observed in the last couple of days.
QXO has an excellent technical rating, but the quality of the setup is only medium 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
13.53
22.25
We found 2 important support areas.
- A support zone ranging from 19.15 to 19.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.67 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.29 to 19.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for QXO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QXO is down. |
| ChartMill Relative Strength | 92.78 | POSITIVE | QXO has a high relative strength, it outperformed 92.78% 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 | MIXED | The current price of QXO is below 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) | 37.49 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests QXO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.34 | OVERSOLD | The low Stochastics value suggests QXO may be oversold. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.86 | POSITIVE | The high ADX value value for QXO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
19.28
-0.1 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.52%
1 Week-0.26%
2 Weeks-13.11%
1 Month-8.93%
3 Month39.01%
6 Month45.18%
12 Month72.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%3.65%
ATR Inc-8.97%
Range Today0.59
ADR(20)0.68
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.78
Mansfield1.21
10 Day High22.26
10 Day Low18.76
20 Day High22.28
20 Day Low18.76
52 Week High24.69
52 Week Low10.62
CS1 End19.27
CR1 Start19.29
Volume & EV
DER(3)0.29%
DER(5)-2.01%
Volume4.03M
Volume Incr-6%
Vol(5)5.68M
Vol(50)9.15M