Londinia Opportunities Analyses - 12/26/2024 (GMT) DXP ENTERPRISES INC. - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on 12/26/2024 - 17:27
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 80.34 USD
My targets
86.97 USD (+5.48%)
90.68 USD (+9.98%)
My analysis
The bullish trend is currently very strong on DXP ENTERPRISES INC.. As long as the price remains above the support at 80.34 USD, you could try to benefit from the boom. The first bullish objective is located at 86.97 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 90.68 USD as an objective. Crossing it would then enable buyers to target 115.20 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
DXP ENTERPRISES INC. rating 82.45 USD. The price has increased by +0.93% since the last closing with the lowest point at 80.98 USD and the highest point at 82.59 USD. The deviation from the price is +1.82% for the low point and -0.17% for the high point.80.98
82.59
82.45
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DXP ENTERPRISES INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 72.03 | 76.09 | 80.34 | 82.45 | 82.81 | 115.20 |
| Change (%) | -12.64% | -7.71% | -2.56% | - | +0.44% | +39.72% |
| Change | -10.42 | -6.36 | -2.11 | - | +0.36 | +32.75 |
| Level | Minor | Minor | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.60 | 78.46 | 80.08 | 80.94 | 82.56 | 83.42 | 85.04 |
| Camarilla | 81.01 | 81.24 | 81.46 | 81.69 | 81.92 | 82.15 | 82.37 |
| Woodie | 77.97 | 78.65 | 80.45 | 81.13 | 82.93 | 83.61 | 85.41 |
| Fibonacci | 78.46 | 79.41 | 80.00 | 80.94 | 81.89 | 82.48 | 83.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.74 | 73.41 | 76.15 | 78.82 | 81.56 | 84.23 | 86.97 |
| Camarilla | 77.39 | 77.89 | 78.38 | 78.88 | 79.38 | 79.87 | 80.37 |
| Woodie | 70.77 | 73.43 | 76.18 | 78.84 | 81.59 | 84.25 | 87.00 |
| Fibonacci | 73.41 | 75.48 | 76.76 | 78.82 | 80.89 | 82.17 | 84.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.81 | 40.52 | 56.89 | 65.60 | 81.97 | 90.68 | 107.05 |
| Camarilla | 66.37 | 68.67 | 70.97 | 73.27 | 75.57 | 77.87 | 80.17 |
| Woodie | 35.65 | 42.44 | 60.73 | 67.52 | 85.81 | 92.60 | 110.89 |
| Fibonacci | 40.52 | 50.10 | 56.02 | 65.60 | 75.18 | 81.10 | 90.68 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.03 | |
| MACD (12,26,9): | 0.8500 | |
| Directional Movement: | 2.72 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 81.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.77 | |
| Elder Ray (13): | 1.37 | |
| Super Trend (3,10): | 79.48 | |
| Zig ZAG (10): | 82.31 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 96.75 | |
| TEMA (21): | 82.41 | |
| Williams %R (14): | -3.65 | |
| Chande Momentum Oscillator (20): | 2.96 | |
| Repulse (5,40,3): | 1.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 7.60 |
| MA7: | 79.78 | |
| MA20: | 77.85 | |
| MA50: | 67.37 | |
| MA100: | 59.38 | |
| MAexp7: | 81.70 | |
| MAexp20: | 80.50 | |
| MAexp50: | 79.63 | |
| MAexp100: | 78.25 | |
| Price / MA7: | +3.35% | |
| Price / MA20: | +5.91% | |
| Price / MA50: | +22.38% | |
| Price / MA100: | +38.85% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +2.42% | |
| Price / MAexp50: | +3.54% | |
| Price / MAexp100: | +5.37% |
Quotes :
12/26/2024 - 17:05
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15 min delayed data
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Actions NASDAQ
News
Don't forget to follow the news on DXP ENTERPRISES INC.. At the time of publication of this analysis, the latest news was as follows:
- 08/08/2023 - 21:42 DXP Enterprises, Inc. Reports Second Quarter 2023 Results
- 08/03/2023 - 18:08 DXP Sets Date for 2023 Second Quarter Earnings Release and Conference Call
- 05/24/2023 - 23:43 DXP Enterprises, Inc. Appoints David Molero Chief Accounting Officer
- 05/12/2023 - 00:24 DXP Enterprises, Inc. Reports First Quarter 2023 Results
- 05/11/2023 - 21:15 DXP Sets Date for 2023 First Quarter Results and Earnings Call