FEDEX CORP (FDX)       172.33  +0.42 (+0.24%)

172.33  +0.42 (+0.24%)

US31428X1063 - Common Stock - After market: 172.01 -0.32 (-0.19%)

Technical Rating

3

We assign a technical rating of 3 out of 10 to FDX. In the past year, FDX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.



FDX has an average volume of 3174510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FDX has a been trading in the 166.24 - 183.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, FDX is a bad performer in the overall market: 73% of all stocks are doing better.
FDX is one of the lesser performing stocks in the Air Freight & Logistics industry. 73% of 18 stocks in the same industry do better.
FDX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 3.81% -17.57% -16.66% -30.03% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 27.18 141.919 - 266.793
FDX Weekly chart
FDX Daily chart

Support/Resistance Analysis


150.56

240.96
3 important support areas can be observed.
  • Support @171.90 from a horizontal line in the daily time frame.
  • A support zone ranging from 163.74 to 164.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @152.08 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
  • A resistance zone ranging from 175.37 to 176.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 181.42 to 182.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @212.57 from a trend line in the weekly time frame.
  • Resistance @222.49 from a trend line in the weekly time frame.
  • Resistance @238.57 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

6

Although the technical rating is bad, FDX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.


FDX Daily chart

FEDEX CORP172.33

NYSE:FDX (12/9/2022, 7:04:00 PM)+0.42 (+0.24%)

After market: 172.01 -0.32 (-0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Air Freight & Logistics
Performance
Today 0.24% 1 Week -5.01%
2 Weeks -2.47% 1 Month 3.81%
3 Month -17.57% 6 Month -16.66%
Volatility
ATR(14) 4.02 ATR(20)% 2.68%
ATR Inc 11.25% Range Today 4.68
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 27.18 Mansfield -1.36
10 Day High 183.55 10 Day Low 170.15
20 Day High 183.55 20 Day Low 166.24
52 Week High 266.79 52 Week Low 141.92
CS1 End 171.9 CR1 Start 175.37
Volume & EV
DER(3) 0.38% DER(5) -0.31%
Volume 1.48M Volume Incr -28.43%
Vol(5) 1.77M Vol(50) 3.17M

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