RXO INC (RXO) Stock Technical Analysis
NYSE:RXO - New York Stock Exchange, Inc. - US74982T1034 - Common Stock - Currency: USD
Taking everything into account, RXO scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RXO was also a bad performer in the overall market in the last year.
86% of all other stocks performed better in the past year than RXO.
RXO is part of the Ground Transportation industry. There are 39 other stocks in this industry, of which 71% are performing better than RXO.
RXO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RXO is lagging the market.
RXO has an average volume of 1861230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month RXO has a been trading in the 14.16 - 17.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RXO has a poor technical rating and the quality of the setup is also 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
12.81
28.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.07 to 15.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.71 from a trend line in the daily time frame.
- Support @12.94 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @16.17 from a trend line in the daily time frame.
- A resistance zone ranging from 17.26 to 17.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.64 from a trend line in the weekly 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 RXO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RXO is up. |
| ChartMill Relative Strength | 14.96 | NEGATIVE | RXO has a low relative strength, it was outperformed by 85.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RXO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RXO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.97 | NEUTRAL | The RSI value for RXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RXO has a positive trend. |
| Stochastics (14,3) | 50.19 | NEUTRAL | The Stochastics value for RXO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for RXO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for RXO 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)
16.03
+0.14 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.88%
1 Week3.22%
2 Weeks5.11%
1 Month11.09%
3 Month-19.08%
6 Month-43.85%
12 Month-21.69%
2 Year-29.29%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%4.54%
ATR Inc-34.66%
Range Today0.57
ADR(20)0.62
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.96
Mansfield-3.52
10 Day High16.42
10 Day Low14.73
20 Day High17.43
20 Day Low14.16
52 Week High32.82
52 Week Low12.19
CS1 End15.22
CR1 Start16.17
Volume & EV
DER(3)4.09%
DER(5)6.37%
Volume1.05M
Volume Incr-22.04%
Vol(5)1.43M
Vol(50)1.86M