- 5/26/2023 -
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FedEx Corporation (FDX)
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|It was the negative week for the FedEx Corporation (FDX). During the week, the FDX dropped -4.93 points, or -2.15%, and closed at 224.15 on Friday, May 26, 2023. Weekly volume was -62% below average. |
FDX is a member of Industrials Sector. Industrials 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 downtrend had started on May 27, 2021 at 319.90 and reached 141.92 on September 27, 2022. FDX lost 177.98 points, or 55.64%, in 69 weeks. The price is now at the 46.20% retracement level.
Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 141.92 and reached 235.81 on April 6, 2023. FDX gained -93.89 points, or -66.16%, in 27 weeks. The price is now at the 12.42% retracement level.
Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 25, 2022. 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 May 18, 2023 at 234.15 and reached 222.53 on May 24, 2023. FDX lost 11.62 points, or 4.96%, in 6 days. The price is now at the 13.94% retracement level.
Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 14, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (222.13) comes close to the price (224.15). It indicates that the trend is getting weaker. 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 price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5% on Friday. It is 68.14% lower than one year average. It indicates the period of low 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.