|
|
|
FedEx Corporation (FDX) |
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a twelfth consecutive positive week for the FedEx Corporation (FDX). During the week, the FDX gained 12.32 points, or 4.54%, and closed at 283.87 on Friday, October 16, 2020. Weekly volume was -43% 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 287.16 on October 16, 2020. FDX gained -198.47 points, or -223.78%, in 30 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (183.94) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, 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, Relative Strength Index 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 26, 2020 at 129.28 and reached 287.16 on October 16, 2020. FDX gained -157.88 points, or -122.12%, in 112 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 264.38 and resistance is at 300.00. 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 short-term trend.
 Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since October 6, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
| |
|
|