FEDEX CORP (FDX) Stock Technical Analysis
USA - NYSE:FDX - US31428X1063 - Common Stock
238.17 USD
-1.24 (-0.52%)
238.28 USD
+0.11 (+0.05%)
Taking everything into account, FDX scores 4 out of 10 in our technical rating. In the last year, FDX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
79% of all other stocks performed better in the past year than FDX.
In the last month FDX has a been trading in the 224.61 - 250.09 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 1912870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
FDX is an average performer in the Air Freight & Logistics industry, it outperforms 63% of 23 stocks in the same industry.
FDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FDX is lagging the market.
Considerably lower volume is observed in the last couple of days.
FDX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 240.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 238.13, a Stop Loss order could be placed below this zone.
More info and screens
214.44
249.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 232.77 to 238.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 224.74 to 226.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @221.07 from a horizontal line in the daily time frame.
- A support zone ranging from 216.61 to 217.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 240.65 to 247.12. 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 | NEUTRAL | NEUTRAL | The long term trend for FDX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FDX is neutral. |
| ChartMill Relative Strength | 21.96 | NEGATIVE | FDX has a low relative strength, it was outperformed by 78.04% 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) | DOWN | MIXED | The current price of FDX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.83 | NEUTRAL | The RSI value for FDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.95 | NEUTRAL | The Stochastics value for FDX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for FDX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for FDX suggests a strong 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)
238.17
-1.24 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-0.52%
1 Week0.53%
2 Weeks0.49%
1 Month0.74%
3 Month-2.07%
6 Month12.58%
12 Month-12.48%
2 Year-0.8%
3 Year48.6%
5 Year-8.21%
10 Year52.62%
15 Year171.51%
Volatility
ATR(14)6.73
ATR(20)%2.67%
ATR Inc-0.92%
Range Today6.88
ADR(20)6.22
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.96
3 months CRS27.73
6 months CRS53.75
Mansfield-1.29
10 Day High246.23
10 Day Low224.61
20 Day High250.09
20 Day Low224.61
52 Week High308.53
52 Week Low194.3
CS1 End238.13
CR1 Start240.65
Volume & EV
DER(3)-3.76%
DER(5)-3.76%
Volume1.31M
Volume Incr-43.55%
Vol(5)1.21M
Vol(50)1.91M