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Archive
- 7/19/2024 -
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FedEx Corporation (FDX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the FedEx Corporation (FDX). During the week, the FDX gained 7.29 points, or 2.44%, and closed at 306.31 on Friday, July 19, 2024. FDX was trading at average weekly trading volume.
 Long-term trend: [See FDX long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 141.92 and reached 313.84 on July 16, 2024. FDX gained -171.92 points, or -121.14%, in 94 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (307.25). 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 June 14, 2024 at 242.92 and reached 313.84 on July 16, 2024. FDX gained -70.92 points, or -29.19%, in 4 weeks. The price is now at the 10.62% retracement level.
 Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 21, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 July 10, 2024 at 289.46 and reached 313.84 on July 16, 2024. FDX gained -24.38 points, or -8.42%, in 6 days. The price is now at the 30.89% retracement level.
 Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 5, 2024. 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.
The distance between the Bollinger Bands is 100.60% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
6 |
| Industry |
Air Freight & Logistics |
78 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
289.46 |
| Low Date |
07/10/2024 |
| High |
313.84 |
| High Date |
07/16/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
242.92 |
| Low Date |
06/14/2024 |
| High |
313.84 |
| High Date |
07/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
234.46 |
| Low Date |
02/16/2024 |
| High |
313.84 |
| High Date |
07/16/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Test Resistance |
| Resistance |
307.25 |
| Support |
268.39 |
| Low |
141.92 |
| Low Date |
09/27/2022 |
| High |
313.84 |
| High Date |
07/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
88.69 |
| Low Date |
03/17/2020 |
| High |
319.90 |
| High Date |
05/27/2021 |
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