QXO Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, QXO shows bearish signals in the short term:
- RSI-14 at 38.52 indicates approaching oversold territory
- MACD line at -0.43 with weak positive histogram suggests bearish momentum
- Stock trading below all major moving averages (SMA 20, 60, 200)
- Bollinger Bands show price near lower band (12.44) indicating potential oversold condition
News Impact: Recent major news shows QXO is in the process of acquiring Beacon Roofing Supply:
- $124.25 per share all-cash offer ($11B total value)
- Tender offer expires February 24, 2025
- No financing conditions or due diligence conditions
- Beacon's board rejected the offer but QXO urges shareholders to decide
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
- Support levels: $12.91 (S1), $12.47 (S2)
- Resistance levels: $14.35 (R1), $14.79 (R2)
Expected price range for next week:
- Bearish scenario (60% probability): $12.47-$12.91
- Neutral scenario (30% probability): $12.91-$13.63
- Bullish scenario (10% probability): $13.63-$14.35
Recommendation: SELL
- Current price ($13.08) shows weakness in technical indicators
- Set stop loss at $13.63 (Fibonacci pivot)
- Target price: $12.47 (S2 level)
- Re-evaluate position if price breaks above $13.63
QXO Similar Chart Price Prediction
The price of QXO is predicted to go up -5.32%, based on the high correlation periods with HMC. The similarity of these two price pattern on the periods is 97.77%.
QXO
HMC
Down: -5.32%Similarity: 97.77%
