The Greedy Trader Weekly Analysis
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Weekly RSI:> 90
Number of records: 1
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
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FedEx Corporation (FDX)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaPrice is near the trend high
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the FedEx Corporation (FDX). During the week, the FDX dropped -7.86 points, or -2.81%, and closed at 271.91 on Friday, November 13, 2020. Weekly volume was -8% below average.

FDX is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See FDX long-term trend chart]
A long-term downtrend had started on January 18, 2018 at 274.66 and reached 88.69 on March 17, 2020. FDX lost 185.97 points, or 67.71%, in 112 weeks. Price is near the highest trend level.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on March 17, 2020 at 88.69 and reached 293.30 on October 21, 2020. FDX gained -204.61 points, or -230.70%, in 31 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 185.42 and resistance is at 314.28. 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 medium-term trend.

Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. 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 November 6, 2020 at 284.30 and reached 256.35 on November 9, 2020. FDX lost 27.95 points, or 9.83%, in 3 days. The price is now at the 55.67% retracement level.

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

The daily MACD line is below its signal line since October 21, 2020. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.77
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 41.33
Greed/Fear Indicator (GFI) 40.35
Moving Average Converg./Diverg. (MACD) 3.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.90
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 78.04
Greed/Fear Indicator (GFI) 74.80
Moving Average Converg./Diverg. (MACD) 29.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 314.28
Upper Bollinger Band 285.17
Parabolic System 282.39
Weekly Stochastic Crossing 276.38
20 Day Moving Average 272.86
Price 271.91
Daily Stochastic Crossing 268.77
50 Day Moving Average 260.04
Lower Bollinger Band 253.94
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Air Freight & Logistics 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 256.35
Low Date 11/09/2020
High 273.63
High Date 11/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 284.30
High Date 11/06/2020
Low 256.35
Low Date 11/09/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 293.30
High Date 10/21/2020
Low 255.56
Low Date 10/30/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 314.28
Support 185.42
Low 88.69
Low Date 03/17/2020
High 293.30
High Date 10/21/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 274.66
High Date 01/18/2018
Low 88.69
Low Date 03/17/2020
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.

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