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|It was the negative week for the FedEx Corporation (FDX). During the week, the FDX gave back -1.45 points, or -0.58%, and closed at 249.45 on Friday, May 18, 2018. Weekly volume was -20% below average. |
FDX is a member of Services Sector. Services 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 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 (250.00). 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 (257.31) 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 Descending Triangle chart pattern. The trend support level is at 237.73 and resistance is at 256.86. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern 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 May 10, 2018. 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.
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.