XEROX HOLDINGS CORP (XRX)       16.65  -0.31 (-1.83%)

16.65  -0.31 (-1.83%)

US98421M1062 - Common Stock

Technical Rating

6

Overall XRX gets a technical rating of 6 out of 10. In the last year, XRX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



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 XRX has a been trading in the 15.78 - 18.00 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.
XRX has an average volume of 1523750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
XRX is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry, XRX did better than 57% of them.
XRX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
When comparing the yearly performance of all stocks, XRX is a bad performer in the overall market: 63% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months 7.75% 18.93% -3.42% -23.05% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 37.33 11.8 - 23.25
XRX Weekly chart
XRX Daily chart

Support/Resistance Analysis


13.80

21.46
When analyzing the support we can see 5 important areas.
  • Support @16.51 from a trend line in the daily time frame.
  • A support zone ranging from 15.98 to 16.17. 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 weekly time frame.
  • A support zone ranging from 14.60 to 14.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @13.94 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 16.74 to 17.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 17.31 to 17.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @21.25 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

8

XRX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XRX in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
17.0216.500.52 (3.06%)25.00%
An entry @17.02. This is a Buy Stop order right above the resistance zone.An exit @16.50. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.52 points, which is 3.06%.For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of XRX. 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.
XRX Daily chart

XEROX HOLDINGS CORP16.65

NASDAQ:XRX (2/6/2023, 1:51:57 PM)-0.31 (-1.83%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Technology Hardware, Storage & Peripherals

Performance
Today -1.83% 1 Week 0.83%
2 Weeks -0.29% 1 Month 7.75%
3 Month 18.93% 6 Month -3.42%

Volatility
ATR(14) 0.64 ATR(20)% 3.5%
ATR Inc -32.64% Range Today 0.27

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 37.33 Mansfield -0.16
10 Day High 18 10 Day Low 15.78
20 Day High 18 20 Day Low 15.78
52 Week High 23.25 52 Week Low 11.8
CS1 End 16.88 CR1 Start 17.01

Volume & EV
DER(3) 3.03% DER(5) 2.47%
Volume 599.45K Volume Incr 16.25%
Vol(5) 1.87M Vol(50) 1.52M

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