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Downtrend Broken Resist.Archive
- 11/6/2026 -
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FedEx Corporation (FDX) Technical Analysis
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| Summary:
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| | It was the negative week for the FedEx Corporation (FDX). During the week, the FDX dropped -5.14 points, or -1.64%, and closed at 308.14 on Friday, November 6, 2026. It was the worst weekly loss since September 25, 2026. Weekly volume was 20% above average.
 Long-term trend: [See FDX long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 141.92 and reached 413.87 on May 29, 2026. FDX gained -271.95 points, or -191.62%, in 191 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 227.05 and resistance is at 437.76. 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 May 29, 2026 at 413.87 and reached 279.23 on September 25, 2026. FDX lost 134.64 points, or 32.53%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (262.25) is broken. A broken support is considered to be a long-term bullish 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 resistance 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 May 1, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 September 25, 2026 at 279.23 and reached 332.00 on November 5, 2026. FDX gained -52.77 points, or -18.90%, in 41 days. The price is now at the 45.22% retracement level.
Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is above its signal line since October 5, 2026. 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 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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