Question 1

What does the Stochastic Oscillator suggest about QXO's trend?

Accepted Answer

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Question 2

How did QXO's Momentum indicator behave recently?

Accepted Answer

QXO saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned positive. In 73 of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at 88%.

Question 3

What does MACD indicator imply for QXO?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for QXO just turned positive on August 15, 2024. Looking at past instances where QXO's MACD turned positive, the stock continued to rise in 34 of 40 cases over the following month. The odds of a continued upward trend are 85%.

Question 4

What does a 3-day price advance indicate for QXO?

Accepted Answer

Following a +6.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where QXO advanced for three days, in 241 of 277 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.

Question 5

What does a 3-day decline signify for QXO's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QXO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 75%.

Question 6

What does QXO breaking above its upper Bollinger Band indicate?

Accepted Answer

QXO broke above its upper Bollinger Band on August 21, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

QXO Stock QXO (QXO, $12.62) Stochastic Oscillator left the oversold zone on August 16, 2024

Momentum Indicator for QXO turns positive, indicating new upward trend

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