FDX Technical Analysis - FEDEX CORP

Technical Rating and Analysis

Taking everything into account, FDX scores 5 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.

When comparing the yearly performance of all stocks, FDX is a bad performer in the overall market: 76% 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 221.31 - 242.00 range, which is quite wide. It is currently trading near the high of this range.

FDX has an average volume of 2120090 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 59% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

FDX has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

214.44

249.59

3 important support areas can be observed.

A support zone ranging from 226.50 to 231.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 221.07 to 222.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 2 important areas.

A resistance zone ranging from 241.23 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.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	24.71	NEGATIVE	FDX has a low relative strength, it was outperformed by 75.29% 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)	62.51	NEUTRAL	The RSI value for FDX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.19	POSITIVE	The MACD value suggests FDX has a positive trend.
Stochastics (14,3)	87.1	OVERBOUGHT	The high Stochastics value suggests FDX may be overbought.
Average True Range in percent/ATR (20)	2.27	MEDIUM VOLATILITY	The ATR as a percentage value for FDX suggests some volalility.
Average Directional Index/ADX (14)	21.83	NEUTRAL	The ADX value for FDX suggests a possible start of a new trend.