XPO Logistics Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
XPO Logistics Inc stock price ended at $108.92 on Thursday, after gaining 2.39%.
(Updated on May 02, 2024)
The XPO Logistics Inc stock price gained 2.39% on the last trading day (Thursday, 2nd May 2024), rising from $106.38 to $108.92. During the last trading day the stock fluctuated 3.81% from a day low at $106.24 to a day high of $110.28. The price has fallen in 6 of the last 10 days and is down by -5.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 140 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $281.60 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect XPO Logistics Inc stock with a 90% probability to be traded between $96.73 and $129.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XPO Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $111.44 and $120.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -15.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for XPO Logistics Inc stock
XPO Logistics Inc finds support from accumulated volume at $107.46 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 $4.05 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 4.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XPO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect XPO Logistics Inc to open at $108.48, and during the day (based on 14 day Average True Range), to move between $103.60 and $114.24, which gives a possible trading interval of +/-$5.32 (+/-4.89%) up or down from last closing price. If XPO Logistics Inc takes out the full calculated possible swing range there will be an estimated 9.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $107.46 (1.34%) than the resistance at $110.90 (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
XPO Logistics Inc will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.680. We will update the financials statements for XPO Logistics Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.87% in the first trading day after earnings release.
Is XPO Logistics Inc stock A Buy?
XPO Logistics Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.759 Sell Candidate Unchanged
Predicted Opening Price for XPO Logistics Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $108.48 ( 0.405%) | $108.92 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 112.52 | 3.31 % | |
| R2 | 110.98 | 1.89 % | ||
| R1 | 110.02 | 1.01 % | ||
| Current price: | 108.92 | |||
| Support | S1 | 106.93 | -1.82 % | |
| S2 | 105.98 | -2.70 % | ||
| S3 | 104.43 | -4.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.84 | 10.94 % | |
| R2 | 116.54 | 7.00 % | ||
| R1 | 110.90 | 1.82 % | ||
| Current price | 108.92 | |||
| Support | S1 | 107.46 | -1.34% | |
| S2 | 106.38 | -2.33% | ||
| S3 | 98.05 | -9.98% |
FAQ
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