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Downtrend ResistanceArchive - 12/13/2024 - Sign In to see current Signals. |
FedEx Corporation (FDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the FedEx Corporation (FDX). During the week, the FDX climbed 2.72 points, or 0.97%, and closed at 283.40 on Friday, December 13, 2024. Weekly volume was -36% 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 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 uptrend support line (296.76) 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 long-term trend. Medium-term trend: [See FDX medium-term trend chart] A medium-term uptrend had started on September 20, 2024 at 253.51 and reached 308.50 on November 25, 2024. FDX gained -54.99 points, or -21.69%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (280.66) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 November 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 November 25, 2024 at 308.50 and reached 277.75 on December 6, 2024. FDX lost 30.75 points, or 9.97%, in 11 days. The price is now at the 18.37% retracement level. Daily Technical Indicators: [See FDX daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help. The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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