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 from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The XPO Logistics Inc stock price gained 0.92% on the last trading day (Thursday, 28th Mar 2024), rising from $120.92 to $122.03. During the last trading day the stock fluctuated 2.92% from a day low at $119.28 to a day high of $122.76. The price has fallen in 6 of the last 10 days and is down by -1.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $143.59 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $121.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 62.52% during the next 3 months and, with a 90% probability hold a price between $196.81 and $229.71 at the end of this 3-month period.

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XPO Signals & Forecast

The XPO Logistics Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $123.58. On a fall, the stock will find some support from the long-term average at approximately $121.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -4.64%. 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 $116.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.48 between high and low, or 2.92%. For the last week the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: $116.56 (-4.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (XPO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect XPO Logistics Inc to open at $121.35, and during the day (based on 14 day Average True Range), to move between $118.61 and $125.45, which gives a possible trading interval of +/-$3.42 (+/-2.80%) up or down from last closing price. If XPO Logistics Inc takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $122.08 (0.04%) than the support at $116.54 (4.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is XPO Logistics Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for XPO Logistics Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 4.350 Buy Candidate Upgraded

Predicted Opening Price for XPO Logistics Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$121.35 ( 0.555%) $122.03

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 124.83 2.30 %
R2 123.50 1.21 %
R1 122.68 0.535 %
Current price: 122.03
Support S1 120.02 -1.64 %
S2 119.20 -2.32 %
S3 117.87 -3.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 125.42 2.78 %
R2 124.36 1.91 %
R1 122.08 0.0410 %
Current price 122.03
Support S1 116.54 -4.50%
S2 98.05 -19.65%
S3 95.34 -21.87%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for XPO Logistics Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy 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 2024-03-28, the price of an XPO Logistics Inc (XPO) share was $122.03.

What is the 52-week high and low for XPO Logistics Inc Stock?
The 52-week high for XPO Logistics Inc Stock is $129.43 and the 52-week low is $29.02.

What is the market capitalization of XPO Logistics Inc Stock?
As of the 2024-03-28, the market capitalization of XPO Logistics Inc is 14.169B.

When is the next earnings date for XPO Logistics Inc?
The upcoming earnings date for XPO Logistics Inc is May 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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