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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 10/9/2026 -
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FedEx Corporation (FDX) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved above its signal line
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It was a second positive week after 4 consecutive negative weeks for the FedEx Corporation (FDX). During the week, the FDX climbed 1.35 points, or 0.46%, and closed at 291.71 on Friday, October 9, 2026. Weekly volume was -25% below average.

Long-term trend: [See FDX long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 141.92 and reached 413.87 on May 29, 2026. FDX gained -271.95 points, or -191.62%, in 191 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 225.40 and resistance is at 433.49. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term downtrend had started on August 14, 2026 at 341.69 and reached 279.23 on September 25, 2026. FDX lost 62.46 points, or 18.28%, in 6 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 259.63 and resistance is at 337.50. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 1, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See FDX short-term trend chart]
A short-term uptrend had started on September 25, 2026 at 279.23 and reached 292.59 on October 9, 2026. FDX gained -13.36 points, or -4.78%, in 14 days. The price is now at the 6.59% retracement level.

Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.97
Williams' Percentage Range (W%R) 63.30
Lane's Stochastic (%D-Slow) 79.62
Greed/Fear Indicator (GFI) 53.75
Moving Average Converg./Diverg. (MACD) -7.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.00
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 15.88
Oversold
Greed/Fear Indicator (GFI) 23.15
Moving Average Converg./Diverg. (MACD) -4.25
Trading Signals
Description Value Chart
Weekly Trendline Resistance 337.50
Upper Bollinger Band 312.37
50 Day Moving Average 311.25
20 Day Moving Average 293.55
Price 291.71
Daily Stochastic Crossing 291.28
Weekly Stochastic Crossing 287.22
Parabolic System 286.17
Lower Bollinger Band 278.75
Weekly Trendline Support 259.63
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Air Freight & Logistics 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 279.23
Low Date 09/25/2026
High 292.59
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 337.50
Support 259.63
High 341.69
High Date 08/14/2026
Low 279.23
Low Date 09/25/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 413.87
High Date 05/29/2026
Low 279.23
Low Date 09/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 433.49
Support 225.40
Low 141.92
Low Date 09/27/2022
High 413.87
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.69
Low Date 03/17/2020
High 413.87
High Date 05/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.