EXPRO GROUP HOLDINGS NV (XPRO) Stock Technical Analysis
USA - NYSE:XPRO - NL0010556684 - Common Stock
Taking everything into account, XPRO scores 7 out of 10 in our technical rating. Although XPRO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
XPRO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.05, a Stop Loss order could be placed below this zone.
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8.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.96 to 12.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.97 to 9.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.41 to 12.57. 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 XPRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XPRO is up. |
| ChartMill Relative Strength | 35.53 | NEUTRAL | XPRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XPRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XPRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of XPRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.76 | NEUTRAL | The RSI value for XPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests XPRO has a negative trend. |
| Stochastics (14,3) | 68.44 | NEUTRAL | The Stochastics value for XPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for XPRO suggests some volalility. |
| Average Directional Index/ADX (14) | 37.99 | POSITIVE | The high ADX value value for XPRO suggests a strong trend. |
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 |
|---|---|---|---|
| 12.58 | 11.95 | 0.63 (5.01%) | 19.97% |
| An entry @12.58. This is a Buy Stop order right above the resistance zone. | An exit @11.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.63 points, which is 5.01%. | When investing 19.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of XPRO. 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.
12.33
-0.19 (-1.52%)