BLOCK INC (XYZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:XYZ - US8522341036 - Common Stock
Taking everything into account, XYZ scores 2 out of 10 in our technical rating. XYZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
XYZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 66.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.85, a Stop Loss order could be placed below this zone.
More info and screens
58.58
We found 3 important support areas.
- A support zone ranging from 62.63 to 62.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @60.47 from a horizontal line in the weekly time frame.
- Support @59.17 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 66.80 to 67.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 80.74 to 80.74. 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 | NEUTRAL | NEUTRAL | The long term trend for XYZ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XYZ is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | XYZ has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XYZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XYZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of XYZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.59 | NEUTRAL | The RSI value for XYZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests XYZ has a positive trend. |
| Stochastics (14,3) | 59.52 | NEUTRAL | The Stochastics value for XYZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for XYZ suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for XYZ suggests a possible start of a new trend. |
64.55
+0.53 (+0.83%)
BLOCK INC / XYZ FAQ
Can you provide the ChartMill technical rating for BLOCK INC?
ChartMill assigns a technical rating of 2 / 10 to XYZ.
What is the trend direction for XYZ stock?
The current trend direction for BLOCK INC (XYZ) is Bearish.
What is the RSI signal for BLOCK INC (XYZ) stock?
BLOCK INC (XYZ) has an RSI value of 49.5872. This indicates that the stock is currently neutral.
What is the MACD signal for XYZ stock?
The MACD indicator for BLOCK INC (XYZ) has a value of 0.746452, indicating a bearish trend.
Can you provide the short term momentum for BLOCK INC?
The short term momentum for BLOCK INC (XYZ) is neutral.