The Greedy Trader Weekly Analysis
Sign In May 10, 2024
Skip Navigation Links
TA Search
Share
Yearly Price vs. Fibonacci:Near 23.6% retracement level
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 5/3/2024 -
Sign In to see current Signals.

FedEx Corporation (FDX) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic is oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergencePrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the FedEx Corporation (FDX). During the week, the FDX dropped -5.19 points, or -1.95%, and closed at 260.65 on Friday, May 3, 2024. Weekly volume was -51% below 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 291.27 on March 22, 2024. FDX gained -149.35 points, or -105.24%, in 77 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 254.07 and resistance is at 299.51. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on February 16, 2024 at 234.46 and reached 291.27 on March 22, 2024. FDX gained -56.81 points, or -24.23%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (269.31) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FDX may retest the broken support line. It is considered to be a resistance line now. 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 above its signal line since March 15, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 22, 2024 at 291.27 and reached 259.78 on May 1, 2024. FDX lost 31.49 points, or 10.81%, in 40 days. Price is near the trend low.

Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since April 4, 2024. This is an indication that the short-term trend is down.

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) 38.61
Bullish
Williams' Percentage Range (W%R) 77.80
Lane's Stochastic (%D-Slow) 12.35
Oversold Bullish
Greed/Fear Indicator (GFI) 24.38
Moving Average Converg./Diverg. (MACD) 0.02 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.75
Williams' Percentage Range (W%R) 48.90
Lane's Stochastic (%D-Slow) 58.59
Greed/Fear Indicator (GFI) 55.19
Moving Average Converg./Diverg. (MACD) 4.09
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 299.51
Upper Bollinger Band 274.76
Weekly Stochastic Crossing 271.44
Parabolic System 269.91
Monthly Trendline Support 269.31
Monthly Trendline Resistance 267.30
20 Day Moving Average 266.89
50 Day Moving Average 263.35
Price 260.65
Daily Stochastic Crossing 260.64
Lower Bollinger Band 256.82
Quarterly Trendline Support 254.07
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Air Freight & Logistics 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 273.91
High Date 04/23/2024
Low 259.78
Low Date 05/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 291.27
High Date 03/22/2024
Low 259.78
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 267.30
Support 269.31
Low 234.46
Low Date 02/16/2024
High 291.27
High Date 03/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 299.51
Support 254.07
Low 141.92
Low Date 09/27/2022
High 291.27
High Date 03/22/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 319.90
High Date 05/27/2021
Low 141.92
Low Date 09/27/2022
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.