The Greedy Trader Weekly Analysis
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FedEx Corporation
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaTrend resistance at 244.04
Daily :Lane's Stochastic oversoldRelative Strength Index is strongly oversoldStochastic has raised above the signal linePrice has crossed below the 50 Day Moving AverageThe Bollinger Bands are historically far apart
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It was the negative week for the FedEx Corporation (FDX). During the week, the FDX dropped -20.55 points, or -8.03%, and closed at 235.32 on Friday, February 09, 2018. Weekly volume was 105% above 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 (244.04). 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 trend support level is at 218.12 and resistance is at 258.07. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly technical indicators are neutral. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 1, 2017. 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 January 18, 2018 at 274.66 and reached 226.20 on February 9, 2018. FDX lost 48.46 points, or 17.64%, in 22 days. The price is now at the 18.82% retracement level.

Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Relative Strength Index is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Relative Strength Index. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since January 19, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (19.5%) is close to one year high (16.55%). It is 158.53% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 9.43
Strong Oversold
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 16.18
Oversold
Greed/Fear Indicator (GFI) 26.04
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.14
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 79.39
Greed/Fear Indicator (GFI) 65.30
Moving Average Converg./Diverg. (MACD) 12.17
Trading Signals
Description Value Chart
Upper Bollinger Band 279.13
Weekly Stochastic Crossing 262.83
20 Day Moving Average 262.32
Quarterly Trendline Resistance 258.07
50 Day Moving Average 253.64
Parabolic System 248.06
Yearly Trendline Resistance 244.04
Monthly Trendline Resistance 239.32
Price 235.32
Daily Stochastic Crossing 234.43
Lower Bollinger Band 233.24
Monthly Trendline Support 226.51
Quarterly Trendline Support 218.12
Sector and Industry
Description Name Rank
Sector Services 9
Industry Air Delivery/Freight Svcs 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 274.66
High Date 01/18/2018
Low 226.20
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 203.13
Low Date 08/11/2017
High 274.66
High Date 01/18/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 239.32
Support 226.51
Low 145.00
Low Date 06/27/2016
High 274.66
High Date 01/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 258.07
Support 218.12
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 244.04
Support 145.03
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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