The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 4/24/2026 -
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FedEx Corporation (FDX) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Broken trend support lineWilliams' Percentage Range is overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the FedEx Corporation (FDX). During the week, the FDX dropped -4.40 points, or -1.12%, and closed at 387.98 on Friday, April 24, 2026. Weekly volume was -34% below average.

Long-term trend: [See FDX long-term trend chart]
A long-term uptrend had started on March 17, 2020 at 88.69 and reached 399.67 on April 21, 2026. FDX gained -310.98 points, or -350.64%, in 318 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (216.05) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 194.30 and reached 399.67 on April 21, 2026. FDX gained -205.37 points, or -105.70%, in 53 weeks. The price is now at the 5.69% 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. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish 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 weekly Relative Strength Index, Lane's Stochastic and MACD bearish 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 6, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 March 30, 2026 at 341.25 and reached 399.67 on April 21, 2026. FDX gained -58.42 points, or -17.12%, in 22 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (390.38) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since April 2, 2026. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.41
Williams' Percentage Range (W%R) 12.50
Overbought
Lane's Stochastic (%D-Slow) 79.60
Greed/Fear Indicator (GFI) 78.18
Moving Average Converg./Diverg. (MACD) 6.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.96
Bearish
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 65.72
Bearish
Greed/Fear Indicator (GFI) 74.20
Moving Average Converg./Diverg. (MACD) 29.09 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 408.12
Weekly Trendline Resistance 407.93
Weekly Trendline Support 390.38
Daily Stochastic Crossing 390.30
Price 387.98
Parabolic System 383.90
Weekly Stochastic Crossing 380.36
20 Day Moving Average 371.92
50 Day Moving Average 370.15
Lower Bollinger Band 344.51
Yearly Trendline Resistance 310.41
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Air Freight & Logistics 77
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 396.00
High Date 04/23/2026
Low 386.21
Low Date 04/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 407.93
Support 390.38
Low 341.25
Low Date 03/30/2026
High 399.67
High Date 04/21/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 194.30
Low Date 04/09/2025
High 399.67
High Date 04/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.92
Low Date 09/27/2022
High 399.67
High Date 04/21/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 310.41
Support 216.05
Low 88.69
Low Date 03/17/2020
High 399.67
High Date 04/21/2026
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.