FEDEX CORP (FDX) Stock Technical Analysis
NYSE:FDX - New York Stock Exchange, Inc. - US31428X1063 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to FDX. 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.
When comparing the yearly performance of all stocks, FDX is a bad performer in the overall market: 73% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FDX has a been trading in the 222.19 - 245.76 range, which is quite wide. It is currently trading near the high of this range.
FDX has an average volume of 2209950 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 57% of 22 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FDX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
214.44
309.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 225.72 to 233.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @216.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 243.21 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.
- 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 | NEUTRAL | NEUTRAL | The long term trend for FDX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDX is up. |
| ChartMill Relative Strength | 27.06 | NEGATIVE | FDX has a low relative strength, it was outperformed by 72.94% 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 | NEGATIVE | The current price of FDX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.55 | NEUTRAL | The RSI value for FDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests FDX has a positive trend. |
| Stochastics (14,3) | 75.78 | NEUTRAL | The Stochastics value for FDX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for FDX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.97 | 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)
243.2
+6.69 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg2.83%
1 Week7.32%
2 Weeks3.02%
1 Month10.01%
3 Month14.96%
6 Month-11.01%
12 Month-18.97%
2 Year-9.91%
3 Year4.34%
5 Year44.42%
10 Year41.87%
15 Year194.61%
Volatility
ATR(14)4.8
ATR(20)%2.26%
ATR Inc0.06%
Range Today6.1
ADR(20)5.21
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.06
Mansfield-1.37
10 Day High243.64
10 Day Low224.73
20 Day High245.76
20 Day Low222.19
52 Week High308.53
52 Week Low194.3
CS1 End233.97
CR1 Start243.21
Volume & EV
DER(3)-3.59%
DER(5)-1.89%
Volume1.81M
Volume Incr-32.88%
Vol(5)1.83M
Vol(50)2.21M