RXO Technical Analysis - RXO INC

Technical Rating and Analysis

Taking everything into account, RXO scores 4 out of 10 in our technical rating. In the past year, RXO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

90% of all other stocks performed better in the past year than RXO.

RXO is one of the lesser performing stocks in the Ground Transportation industry. 65% of 42 stocks in the same industry do better.

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.

In the last month RXO has a been trading in the 14.61 - 18.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

RXO has an average volume of 2037620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RXO has an average technical rating and also the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.11

18.33

3 important support areas can be observed.

A support zone ranging from 16.00 to 16.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.18 from a trend line in the daily time frame.
A support zone ranging from 14.25 to 14.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 17.26 to 17.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @18.15 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for RXO is neutral.
ChartMill Relative Strength	10.5	NEGATIVE	RXO has a low relative strength, it was outperformed by 89.5% 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)	UP	POSITIVE	The current price of RXO is above the rising 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)	51.18	NEUTRAL	The RSI value for RXO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests RXO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.86	NEUTRAL	The Stochastics value for RXO is a neutral value.
Average True Range in percent/ATR (20)	5.49	HIGH VOLATILITY	The high ATR as a percentage value for RXO suggests high volalility.
Average Directional Index/ADX (14)	22.45	NEUTRAL	The ADX value for RXO suggests a possible start of a new trend.