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Uptrend ExhaustionArchive
- 10/16/2026 -
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FedEx Corporation (FDX) Technical Analysis
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| Summary:
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| | It was a third positive week after 4 consecutive negative weeks for the FedEx Corporation (FDX). During the week, the FDX climbed 1.84 points, or 0.63%, and closed at 293.55 on Friday, October 16, 2026. Weekly volume was -42% 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 225.81 and resistance is at 434.56. 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 May 29, 2026 at 413.87 and reached 279.23 on September 25, 2026. FDX lost 134.64 points, or 32.53%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (270.74) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 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 42 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 249.84 and resistance is at 336.96. 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 short-term trend.
 Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since October 5, 2026. The distance between MACD and the signal line is low, but getting bigger.
The distance between the Bollinger Bands is falling, and it was 5.23% on Friday. It is 62.25% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See FDX candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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