The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 6
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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 :Broken trend support lineTrend resistance at 249.56
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the FedEx Corporation (FDX). During the week, the FDX gained 5.96 points, or 2.43%, and closed at 250.90 on Friday, May 11, 2018. FDX was trading at average weekly trading volume.

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 price is near the trend resistance line (249.56). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 119.71 and reached 274.66 on January 18, 2018. FDX gained -154.95 points, or -129.44%, in 104 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (256.14) is broken. A broken support is considered to be a long-term bearish 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 support 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 February 9, 2018. 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 February 9, 2018 at 226.20 and reached 258.00 on March 21, 2018. FDX gained -31.80 points, or -14.06%, in 40 days. The chart has formed a Rectangle chart pattern. The trend support level is at 228.25 and resistance is at 260.81. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a short-term trend.

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.

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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.06
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 55.69
Greed/Fear Indicator (GFI) 54.80
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.02
Williams' Percentage Range (W%R) 54.60
Lane's Stochastic (%D-Slow) 58.28
Greed/Fear Indicator (GFI) 52.13
Moving Average Converg./Diverg. (MACD) 5.99
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 290.91
Weekly Trendline Resistance 260.81
Quarterly Trendline Support 256.14
Upper Bollinger Band 252.93
Price 250.90
Yearly Trendline Resistance 249.56
Weekly Stochastic Crossing 247.14
20 Day Moving Average 247.11
Daily Stochastic Crossing 245.91
50 Day Moving Average 243.95
Lower Bollinger Band 237.89
Parabolic System 236.37
Weekly Trendline Support 228.25
Sector and Industry
Description Name Rank
Sector Services 6
Industry Air Delivery/Freight Svcs 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 257.47
High Date 04/18/2018
Low 236.61
Low Date 05/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 260.81
Support 228.25
Low 226.20
Low Date 02/09/2018
High 258.00
High Date 03/21/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 274.66
High Date 01/18/2018
Low 226.20
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 290.91
Support 256.14
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 Test Resistance
Resistance 249.56
Support 148.16
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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