QXO INC (QXO) Stock Technical Analysis
NYSE:QXO • US82846H4056
Overall QXO gets a technical rating of 9 out of 10. 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.
- Looking at the yearly performance, QXO did better than 88% of all other stocks. On top of that, QXO also shows a nice and consistent pattern of rising prices.
- QXO is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry. QXO outperforms 89% of them.
- QXO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QXO is lagging the market slightly.
- QXO has an average volume of 8159780 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.
- In the last month QXO has a been trading in the 20.91 - 27.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although QXO has an excellent technical rating, it does not present a decent entry opportunity 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
16.22
We found 4 important support areas.
- A support zone ranging from 22.59 to 22.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.04 from a horizontal line in the daily time frame.
- Support @18.70 from a trend line in the weekly time frame.
- Support @16.38 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 | 88.74 | POSITIVE | QXO has a high relative strength, it outperformed 88.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QXO is below the rising 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) | 43.01 | NEUTRAL | The RSI value for QXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests QXO has a negative trend. |
| Stochastics (14,3) | 22.62 | NEUTRAL | The Stochastics value for QXO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for QXO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for QXO suggests a weak or negative trend. |
22.92
-1.03 (-4.3%)
QXO INC / QXO FAQ
What is the technical rating for QXO stock?
ChartMill assigns a technical rating of 9 / 10 to QXO.
What is the current trend direction of QXO INC (QXO) stock?
The current trend direction for QXO INC (QXO) is Bullish.
What is the RSI signal for QXO INC (QXO) stock?
QXO INC (QXO) has an RSI value of 43.005. This indicates that the stock is currently neutral.
What is the short term momentum for QXO stock?
The short term momentum for QXO INC (QXO) is negative.
What is the support and resistance level for QXO stock?
QXO INC (QXO) has a support level at 22.91. Check the full technical report for our detailed analysis of QXO support and resistance levels.