FEDEX CORP (FDX) Technical Analysis
NYSE:FDX • US31428X1063
Current stock price
FDX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FDX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FDX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FDX is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, FDX also shows a nice and consistent pattern of rising prices.
- FDX is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry. FDX outperforms 81% of them.
- 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- FDX has an average volume of 1765790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FDX Weekly and Daily overview Charts
FDX Setup Rating and Analysis
Besides having an excellent technical rating, FDX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 392.39. Right above this resistance zone may be a good entry point.
More info and screens
FDX Support and Resistance Analysis
239.51
We found 4 important support areas.
- A support zone ranging from 383.87 to 387.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 361.95 to 376.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 341.75 to 343.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @241.93 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 392.39 to 394.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
FDX Technical Indicator Signal Analysis
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 | 90.3 | POSITIVE | FDX has a high relative strength, it outperformed 90.3% 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) | 61.55 | NEUTRAL | The RSI value for FDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests FDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.17 | NEUTRAL | The Stochastics value for FDX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for FDX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.36 | NEUTRAL | The ADX value for FDX suggests a possible start of a new trend. |
FDX Chart- and CandleStick Pattern Analysis
FDX Example Setup
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 |
|---|---|---|---|
| 394.61 | 383.86 | 10.75 (2.72%) | 25.00% |
| An entry @394.61. This is a Buy Stop order right above the resistance zone. | An exit @383.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.75 points, which is 2.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of FDX. Please evaluate whether better entry and exit points can be found.
- 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.
FDX Technicals: Chart, Performance Metrics, Trend & Indicators
390.21
+2.32 (+0.6%)
FEDEX CORP / FDX TA FAQ
Can you provide the ChartMill technical rating for FEDEX CORP?
ChartMill assigns a technical rating of 10 / 10 to FDX.
What is the trend direction for FDX stock?
The current trend direction for FEDEX CORP (FDX) is Bullish.
What is the RSI signal for FEDEX CORP (FDX) stock?
FEDEX CORP (FDX) has an RSI value of 61.5534. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FEDEX CORP?
The MACD indicator for FEDEX CORP (FDX) has a value of 1.13839, indicating a bullish trend.
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.