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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of XPO
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XPO Logistics Inc stock upgraded to Hold/Accumulate.
(Updated on Jun 11, 2024)

Hold candidate since Jun 11, 2024 PDF

The XPO Logistics Inc stock price fell by -0.0747% on the last day (Tuesday, 11th Jun 2024) from $107.12 to $107.04. During the last trading day the stock fluctuated 5.01% from a day low at $103.31 to a day high of $108.49. The price has fallen in 6 of the last 10 days and is down by -2.04% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -395 thousand shares and in total, 1 million shares were bought and sold for approximately $120.58 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.66% during the next 3 months and, with a 90% probability hold a price between $83.53 and $93.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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XPO Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 4.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The XPO Logistics Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $109.85. On a fall, the stock will find some support from the short-term average at $106.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for XPO Logistics Inc stock

XPO Logistics Inc finds support from accumulated volume at $106.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.18 between high and low, or 5.01%. For the last week, the stock has had daily average volatility of 3.66%.

Our recommended stop-loss: $100.72 (-5.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (XPO) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect XPO Logistics Inc to open at $106.28, and during the day (based on 14 day Average True Range), to move between $102.79 and $111.29, which gives a possible trading interval of +/-$4.25 (+/-3.97%) up or down from last closing price. If XPO Logistics Inc takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $106.38 (0.62%) than the resistance at $110.90 (3.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is XPO Logistics Inc stock A Buy?

XPO Logistics Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.392 Hold/Accumulate Upgraded

Predicted Opening Price for XPO Logistics Inc of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$106.28 ( 0.710%) $107.04

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XPO

Fibonacci Support & Resistance Levels

Level Price
R3 111.46 4.13%
R2 109.48 2.28%
R1 108.26 1.14%
Price 107.04
S1 104.30 -2.56%
S2 103.08 -3.70%
S3 101.10 -5.55%

Accumulated Volume Support & Resistance Levels

Level Price
R3 117.48 9.75%
R2 112.56 5.16%
R1 110.90 3.61%
Price 107.04
S1 106.38 -0.617%
S2 103.45 -3.35%
S3 102.37 -4.36%

FAQ

What is the symbol for XPO Logistics Inc Stock and on which exchange is it traded?
The symbol for XPO Logistics Inc is XPO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell XPO Logistics Inc Stock?
XPO Logistics Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy XPO Logistics Inc Stock?
XPO Logistics Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy XPO Logistics Inc Stock.

What's the current price of XPO Logistics Inc Stock?
As of the end of day on the Jun 11, 2024, the price of an XPO Logistics Inc (XPO) share was $107.04.

What is the 52-week high and low for XPO Logistics Inc Stock?
The 52-week high for XPO Logistics Inc Stock is $130.51 and the 52-week low is $47.38.

What is the market capitalization of XPO Logistics Inc Stock?
As of the Jun 11, 2024, the market capitalization of XPO Logistics Inc is 12.452B.

When is the next earnings date for XPO Logistics Inc?
The upcoming earnings date for XPO Logistics Inc is Aug 02, 2024.
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About XPO Logistics Inc

XPO Logistics XPO Logistics, Inc. provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL fr... XPO Profile

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