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- 4/26/2024 -
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FedEx Corporation (FDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the FedEx Corporation (FDX). During the week, the FDX gave back -1.15 points, or -0.43%, and closed at 265.84 on Friday, April 26, 2024. Weekly volume was -41% below average.
FDX is a member of Industrials Sector. Industrials is the second 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 291.27 on March 22, 2024. FDX gained -149.35 points, or -105.24%, in 77 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 252.69 and resistance is at 298.77. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on February 16, 2024 at 234.46 and reached 291.27 on March 22, 2024. FDX gained -56.81 points, or -24.23%, in 5 weeks. The price is now at the 44.76% retracement level.
 Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 15, 2024. This is an indication that the medium-term trend is up. 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 March 22, 2024 at 291.27 and reached 262.08 on April 18, 2024. FDX lost 29.19 points, or 10.02%, in 27 days. The price is now at the 12.88% retracement level.
 Daily Technical Indicators: [See FDX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 4, 2024. This is an indication that the short-term trend is down.
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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 |
8 |
| Industry |
Air Freight & Logistics |
22 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
262.08 |
| Low Date |
04/18/2024 |
| High |
273.91 |
| High Date |
04/23/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
291.27 |
| High Date |
03/22/2024 |
| Low |
262.08 |
| Low Date |
04/18/2024 |
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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 |
291.27 |
| High Date |
03/22/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
298.77 |
| Support |
252.69 |
| Low |
141.92 |
| Low Date |
09/27/2022 |
| High |
291.27 |
| High Date |
03/22/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
319.90 |
| High Date |
05/27/2021 |
| Low |
141.92 |
| Low Date |
09/27/2022 |
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