QXO INC (QXO) Stock Technical Analysis
NYSE:QXO - New York Stock Exchange, Inc. - US82846H4056 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to QXO. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, QXO is a bad performer.
66% of all other stocks performed better in the past year than QXO.
QXO is one of the lesser performing stocks in the Trading Companies & Distributors industry. 68% of 48 stocks in the same industry do better.
QXO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The long and short term trends are both positive. This is looking good!
QXO has an average volume of 9888790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QXO has a been trading in the 20.52 - 24.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QXO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 21.48, a Stop Loss order could be placed below this zone.
More info and screens
11.89
24.36
3 important support areas can be observed.
- A support zone ranging from 21.05 to 21.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.52 from a trend line in the weekly time frame.
- Support @12.01 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.68 to 21.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.79 to 24.12. 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 | UP | POSITIVE | The short term trend for QXO is up. |
| ChartMill Relative Strength | 34.46 | NEUTRAL | QXO is not amongst the best or worst performers 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 | 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) | 57.06 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests QXO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.92 | NEUTRAL | The Stochastics value for QXO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for QXO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.1 | 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)
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 |
|---|---|---|---|
| 21.85 | 21.04 | 0.81 (3.71%) | 25.00% |
| An entry @21.85. This is a Buy Stop order right above the resistance zone. | An exit @21.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 3.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- 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.
21.63
-0.16 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.73%
1 Week2.17%
2 Weeks-1.59%
1 Month-3.87%
3 Month64.49%
6 Month54.61%
12 Month-63.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%4.33%
ATR Inc6.79%
Range Today0.89
ADR(20)0.86
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.46
Mansfield1.99
10 Day High22.28
10 Day Low20.69
20 Day High24.69
20 Day Low20.52
52 Week High157.28
52 Week Low10.61
CS1 End21.48
CR1 Start21.68
Volume & EV
DER(3)-0.35%
DER(5)0.55%
Volume7.36M
Volume Incr-47.87%
Vol(5)6.78M
Vol(50)9.89M