RXO INC (RXO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RXO - US74982T1034 - Common Stock
Taking everything into account, RXO scores 4 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.
- 89% of all other stocks performed better in the past year than RXO.
- RXO is part of the Ground Transportation industry. There are 42 other stocks in this industry, of which 73% are performing better than RXO.
- RXO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, 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 12.33 - 15.67 range, which is quite wide. It is currently trading near the high of this range.
- RXO has an average volume of 2322270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RXO has an average technical rating and the quality of the presented setup is also not ideal 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
13.52
We found 2 important support areas.
- A support zone ranging from 14.88 to 14.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.66 to 13.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.44 to 15.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.42 from a horizontal line in the weekly time frame.
- Resistance @17.90 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 | NEUTRAL | NEUTRAL | The long term trend for RXO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RXO is up. |
| ChartMill Relative Strength | 11.33 | NEGATIVE | RXO has a low relative strength, it was outperformed by 88.67% 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) | 58.36 | NEUTRAL | The RSI value for RXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests RXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.34 | OVERBOUGHT | The high Stochastics value suggests RXO may be overbought. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for RXO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for RXO suggests a possible start of a new trend. |
14.99
-0.59 (-3.79%)
RXO INC / RXO FAQ
What is the technical rating for RXO stock?
ChartMill assigns a technical rating of 4 / 10 to RXO.
What is the trend direction for RXO stock?
The current trend direction for RXO INC (RXO) is Bearish.
What is the RSI signal for RXO stock?
RXO INC (RXO) has an RSI value of 58.3571. This indicates that the stock is currently neutral.
What is the MACD signal for RXO INC (RXO) stock?
The MACD indicator for RXO INC (RXO) has a value of 0.226281, indicating a bearish trend.