FEDEX CORP (FDX) Stock Technical Analysis
NYSE:FDX - New York Stock Exchange, Inc. - US31428X1063 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to FDX. FDX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
76% of all other stocks performed better in the past year than FDX.
FDX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FDX is lagging the market.
In the last month FDX has a been trading in the 214.35 - 232.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FDX has an average volume of 1906460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
FDX is an average performer in the Air Freight & Logistics industry, it outperforms 47% of 22 stocks in the same industry.
FDX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 221.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FDX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
214.44
309.37
We found 1 important support area.
- A support zone ranging from 216.61 to 221.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 224.84 to 225.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 229.52 to 232.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @268.05 from a horizontal line in the daily time frame.
- Resistance @306.31 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for FDX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDX is up. |
| ChartMill Relative Strength | 24.68 | NEGATIVE | FDX has a low relative strength, it was outperformed by 75.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FDX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FDX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FDX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.07 | NEUTRAL | The RSI value for FDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests FDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.82 | NEUTRAL | The Stochastics value for FDX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for FDX suggests low volalility. |
| Average Directional Index/ADX (14) | 13.2 | NEGATIVE | The low ADX value for FDX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
224.38
-0.62 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-0.28%
1 Week2.17%
2 Weeks2.88%
1 Month-2.91%
3 Month-7.36%
6 Month-20.83%
12 Month-8.95%
2 Year-9.49%
3 Year-1.03%
5 Year60.02%
10 Year31.68%
15 Year220.04%
Volatility
ATR(14)4.15
ATR(20)%1.97%
ATR Inc-25.78%
Range Today2.83
ADR(20)3.82
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.68
Mansfield-1.83
10 Day High229.86
10 Day Low214.82
20 Day High232.49
20 Day Low214.35
52 Week High313.84
52 Week Low194.3
CS1 End221.64
CR1 Start224.84
Volume & EV
DER(3)1.1%
DER(5)3.59%
Volume1.89M
Volume Incr1.87%
Vol(5)1.97M
Vol(50)1.91M