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Monthly Pattern:Rising Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
FedEx Corporation
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Summary:
Weekly :Overbought sectorTrend support at 242.05
Daily :The price has risen above the Parabolic SARTrend support at 242.21The price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the FedEx Corporation (FDX). During the week, the FDX gave back -1.56 points, or -0.64%, and closed at 241.76 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -25% below average.

FDX is a member of Services Sector. Services is the second 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 uptrend had started on March 9, 2009 at 34.02 and reached 274.66 on January 18, 2018. FDX gained -240.64 points, or -707.35%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 151.30 and resistance is at 255.08. 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 June 12, 2018 at 266.67 and reached 222.44 on June 28, 2018. FDX lost 44.23 points, or 16.59%, in 2 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (242.05) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 22, 2018. 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 June 28, 2018 at 222.44 and reached 249.69 on August 7, 2018. FDX gained -27.25 points, or -12.25%, in 40 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (242.21) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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

The daily MACD line is above its signal line since July 12, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.34
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 59.70
Greed/Fear Indicator (GFI) 64.13
Moving Average Converg./Diverg. (MACD) 0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.96
Williams' Percentage Range (W%R) 50.80
Lane's Stochastic (%D-Slow) 36.87
Greed/Fear Indicator (GFI) 44.78
Moving Average Converg./Diverg. (MACD) 1.43
Trading Signals
Description Value Chart
Yearly Trendline Resistance 255.08
Monthly Trendline Resistance 253.17
Weekly Trendline Resistance 253.01
Upper Bollinger Band 250.81
Daily Stochastic Crossing 244.98
50 Day Moving Average 242.99
Weekly Trendline Support 242.21
Monthly Trendline Support 242.05
Price 241.76
20 Day Moving Average 240.07
Weekly Stochastic Crossing 239.40
Parabolic System 239.20
Lower Bollinger Band 231.95
Sector and Industry
Description Name Rank
Sector Services 8
Industry Air Delivery/Freight Svcs 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 249.69
High Date 08/07/2018
Low 240.34
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 253.01
Support 242.21
Low 222.44
Low Date 06/28/2018
High 249.69
High Date 08/07/2018
Description Value
Direction Down
Chart Pattern Rising Channel
Status Test Support
Resistance 253.17
Support 242.05
High 266.67
High Date 06/12/2018
Low 222.44
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 119.71
Low Date 01/20/2016
High 274.66
High Date 01/18/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 255.08
Support 151.30
Low 34.02
Low Date 03/09/2009
High 274.66
High Date 01/18/2018
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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