FEDEX CORP (FDX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FDX - US31428X1063 - Common Stock
We assign a technical rating of 9 out of 10 to FDX. Both in the recent history as in the last year, FDX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- FDX is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 81% of 23 stocks in the same industry.
- FDX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- FDX has an average volume of 1740600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that FDX is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month FDX has a been trading in the 287.75 - 318.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FDX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 312.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 309.56, a Stop Loss order could be placed below this zone.
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218.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 301.02 to 309.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @239.17 from a trend line in the daily time frame.
- Support @233.02 from a trend line in the weekly time frame.
- Support @221.07 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 312.37 to 313.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FDX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDX is up. |
| ChartMill Relative Strength | 82.38 | POSITIVE | FDX has a high relative strength, it outperformed 82.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FDX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.13 | NEUTRAL | The RSI value for FDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.99 | NEGATIVE | The MACD value suggests FDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.49 | NEUTRAL | The Stochastics value for FDX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for FDX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for FDX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 313.57 | 301.01 | 12.56 (4.01%) | 24.97% |
| An entry @313.57. This is a Buy Stop order right above the resistance zone. | An exit @301.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.56 points, which is 4.01%. | For a 1.00% total portfolio risk, you can invest 24.97% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
309.81
+2.86 (+0.93%)
FEDEX CORP / FDX FAQ
Can you provide the ChartMill technical rating for FEDEX CORP?
ChartMill assigns a technical rating of 9 / 10 to FDX.
What is the current trend direction of FEDEX CORP (FDX) stock?
The current trend direction for FEDEX CORP (FDX) is Bullish.
What is the RSI signal for FDX stock?
FEDEX CORP (FDX) has an RSI value of 63.134. This indicates that the stock is currently neutral.
What is the short term momentum for FDX stock?
The short term momentum for FEDEX CORP (FDX) is positive.
What is the buy/sell signal for FEDEX CORP (FDX) stock?
The buy/sell signal for FEDEX CORP (FDX) is buy as both the short term and long term trends are positive.