Nov. 14 at 3:48 AM
$QXO: The last close at
$17.49 indicates the stock is currently trading below its 30-day moving average (MA30) of
$18.48 and 50-day moving average (MA50) of
$19.23, suggesting a bearish trend. The RSI at 43.98 indicates the stock is nearing oversold territory but is not yet there, reflecting potential for a short-term reversal. The 60-day high of
$22.35 and low of
$15.5 establishes a range, with current pricing closer to the low end, which may offer a buying opportunity if momentum shifts.
Directional bias: Bearish in the short term due to the position relative to MAs, but potential for a bullish reversal if the price breaks above MA30.
Suggested entry:
$17.75 (above last close).
Stop:
$16.80 (below recent support).
Targets:
$18.50 (near MA30) and
$19.00 (near MA50).
Monitor RSI for signs of reversal.
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