The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 8
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
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FedEx Corporation (FDX)

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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARBearish Downside Gap Three Methods Candlestick
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It was the negative week for the FedEx Corporation (FDX). During the week, the FDX gave back -1.57 points, or -0.99%, and closed at 156.52 on Friday, November 1, 2019. Weekly volume was 1786% above average.

Long-term trend: [See FDX long-term trend chart]
A long-term downtrend had started on January 18, 2018 at 274.66 and reached 137.78 on October 9, 2019. FDX lost 136.88 points, or 49.84%, in 89 weeks. The price is now at the 13.69% retracement level.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term downtrend had started on July 24, 2019 at 178.50 and reached 137.78 on October 9, 2019. FDX lost 40.72 points, or 22.81%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 131.89 and resistance is at 174.06. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 above oversold area. Such crossover is considered a bullish 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 October 18, 2019. The distance between MACD and the signal line is low, but getting bigger. 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 October 9, 2019 at 137.78 and reached 160.39 on October 28, 2019. FDX gained -22.61 points, or -16.41%, in 19 days. The price is now at the 17.12% 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.

The daily MACD line is above its signal line since October 10, 2019. This is an indication that the short-term trend is up.

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.

Candlestick pattern: [See FDX candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Gap Three Methods Candlestick pattern. This is a continuation pattern which occurs when the market is moving strongly downward. The reliability of the Bearish Downside Gap Three Methods pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Gap Three Methods Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.17
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 62.06
Greed/Fear Indicator (GFI) 67.56
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.08
Williams' Percentage Range (W%R) 59.80
Lane's Stochastic (%D-Slow) 27.87
Greed/Fear Indicator (GFI) 38.56
Moving Average Converg./Diverg. (MACD) -8.05
Trading Signals
Description Value Chart
Monthly Trendline Resistance 174.06
Upper Bollinger Band 165.27
Parabolic System 159.85
Daily Stochastic Crossing 156.62
Price 156.52
50 Day Moving Average 153.48
20 Day Moving Average 150.55
Weekly Stochastic Crossing 150.48
Lower Bollinger Band 140.37
Monthly Trendline Support 131.89
Sector and Industry
Description Name Rank
Sector Services 4
Industry Air Delivery/Freight Svcs 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 151.62
Low Date 10/31/2019
High 157.10
High Date 11/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 137.78
Low Date 10/09/2019
High 160.39
High Date 10/28/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 174.06
Support 131.89
High 178.50
High Date 07/24/2019
Low 137.78
Low Date 10/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 199.32
High Date 04/17/2019
Low 137.78
Low Date 10/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 274.66
High Date 01/18/2018
Low 137.78
Low Date 10/09/2019
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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