FEDEX CORP (FDX) Stock Technical Analysis
NYSE:FDX - New York Stock Exchange, Inc. - US31428X1063 - Common Stock - Currency: USD
Overall FDX gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FDX was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, FDX is a bad performer in the overall market: 83% of all stocks are doing better.
FDX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
FDX has an average volume of 2260380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FDX is an average performer in the Air Freight & Logistics industry, it outperforms 42% of 22 stocks in the same industry.
In the last month FDX has a been trading in the 216.09 - 244.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FDX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 219.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
214.44
249.59
We found 1 important support area.
- A support zone ranging from 216.61 to 219.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 228.67 to 228.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 237.53 to 243.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @247.12 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for FDX is neutral. |
| ChartMill Relative Strength | 17.29 | NEGATIVE | FDX has a low relative strength, it was outperformed by 82.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FDX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FDX is below the rising 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) | 48.55 | NEUTRAL | The RSI value for FDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests FDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.16 | NEUTRAL | The Stochastics value for FDX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for FDX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.08 | 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)
227.72
+0.46 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg0.2%
1 Week-0.35%
2 Weeks4.68%
1 Month0.28%
3 Month-0.98%
6 Month-15.13%
12 Month-20.37%
2 Year-12.93%
3 Year7.8%
5 Year3.38%
10 Year50.89%
15 Year191.17%
Volatility
ATR(14)7.09
ATR(20)%2.91%
ATR Inc-20.85%
Range Today4.69
ADR(20)6.31
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.29
Mansfield-1.83
10 Day High233.57
10 Day Low216.1
20 Day High244.4
20 Day Low216.1
52 Week High308.53
52 Week Low194.3
CS1 End219.51
CR1 Start228.67
Volume & EV
DER(3)0.8%
DER(5)0.63%
Volume1.32M
Volume Incr8.37%
Vol(5)2.05M
Vol(50)2.26M