QXO INC (QXO) Stock Technical Analysis
NYSE:QXO - US82846H4056 - Common Stock
20.13 USD
-0.9 (-4.28%)
20.22 USD
+0.09 (+0.45%)
We assign a technical rating of 7 out of 10 to QXO. In the last year, QXO was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that QXO is one of the better performing stocks in the market, outperforming 86% of all stocks.
QXO is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry. QXO outperforms 81% of them.
QXO has an average volume of 9296600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month QXO has a been trading in the 18.70 - 21.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, QXO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.13, a Stop Loss order could be placed below this zone.
More info and screens
13.67
22.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.80 to 20.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.28 to 19.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.82 from a horizontal line in the daily time frame.
- Support @13.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.19 to 22.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for QXO is neutral. |
| ChartMill Relative Strength | 86.89 | POSITIVE | QXO has a high relative strength, it outperformed 86.89% 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) | 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) | 47.53 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests QXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.76 | NEUTRAL | The Stochastics value for QXO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.47 | NEGATIVE | The low ADX value for QXO suggests a weak or negative 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)
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 |
|---|---|---|---|
| 20.34 | 19.79 | 0.55 (2.70%) | 25.00% |
| An entry @20.34. This is a Buy Stop order right above the 10 day moving average. | An exit @19.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 2.70%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QXO. Please evaluate whether better entry and exit points can be found.
- 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.
20.13
-0.9 (-4.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-4.28%
1 Week-1.28%
2 Weeks-1.8%
1 Month4.14%
3 Month18.41%
6 Month58.01%
12 Month45.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%4.66%
ATR Inc-32.79%
Range Today1.06
ADR(20)0.93
ADR(20)%4.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.89
Mansfield1.38
10 Day High21.55
10 Day Low18.7
20 Day High21.55
20 Day Low18.7
52 Week High24.69
52 Week Low11.85
CS1 End20.13
CR1 Start22.19
Volume & EV
DER(3)1.2%
DER(5)2.16%
Volume5.38M
Volume Incr-0.11%
Vol(5)7.11M
Vol(50)9.30M