FEDEX CORP. - 1H - Technical analysis published on 06/24/2020 (GMT)
- Who voted?
- 278
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 140.84 USD
My targets
129.14 USD (-4.62%)
122.08 USD (-9.83%)
My analysis
In the short term, we can see an acceleration in the bearish trend on FEDEX CORP., which is a positive signal for sellers. As long as the price remains above 140.84 USD, a sale could be considered. The first bearish objective is located at 129.14 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 122.08 USD as an objective. Crossing it would then enable sellers to target 114.78 USD. If the price were to return above 140.84 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FEDEX CORP. price is 135.39 USD. The price is lower by -2.65% since the last closing with the lowest point at 134.13 USD and the highest point at 138.00 USD. The deviation from the price is +0.94% for the low point and -1.89% for the high point.134.13
138.00
135.39
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of FEDEX CORP. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 122.08 | 129.14 | 134.90 | 135.39 | 140.84 | 145.77 | 149.51 |
| Change (%) | -9.83% | -4.62% | -0.36% | - | +4.03% | +7.67% | +10.43% |
| Change | -13.31 | -6.25 | -0.49 | - | +5.45 | +10.38 | +14.12 |
| Level | Major | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.23 | 136.30 | 137.69 | 138.76 | 140.15 | 141.22 | 142.60 |
| Camarilla | 138.39 | 138.62 | 138.85 | 139.07 | 139.30 | 139.52 | 139.75 |
| Woodie | 135.38 | 136.38 | 137.84 | 138.84 | 140.30 | 141.30 | 142.76 |
| Fibonacci | 136.30 | 137.24 | 137.82 | 138.76 | 139.70 | 140.28 | 141.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.06 | 121.68 | 129.65 | 135.27 | 143.24 | 148.86 | 156.83 |
| Camarilla | 133.89 | 135.14 | 136.38 | 137.63 | 138.88 | 140.12 | 141.37 |
| Woodie | 117.25 | 122.27 | 130.84 | 135.86 | 144.43 | 149.45 | 158.02 |
| Fibonacci | 121.68 | 126.87 | 130.08 | 135.27 | 140.46 | 143.67 | 148.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.83 | 92.11 | 111.34 | 122.62 | 141.85 | 153.13 | 172.36 |
| Camarilla | 122.17 | 124.97 | 127.76 | 130.56 | 133.36 | 136.15 | 138.95 |
| Woodie | 84.80 | 94.10 | 115.31 | 124.61 | 145.82 | 155.12 | 176.33 |
| Fibonacci | 92.11 | 103.77 | 110.97 | 122.62 | 134.28 | 141.48 | 153.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.55 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -12.22 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 137.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.35 | |
| Elder Ray (13): | -2.15 | |
| Super Trend (3,10): | 139.36 | |
| Zig ZAG (10): | 135.19 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 20.22 | |
| TEMA (21): | 136.91 | |
| Williams %R (14): | -80.38 | |
| Chande Momentum Oscillator (20): | -2.26 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.53 |
| MA7: | 137.01 | |
| MA20: | 136.67 | |
| MA50: | 126.28 | |
| MA100: | 128.47 | |
| MAexp7: | 137.26 | |
| MAexp20: | 137.27 | |
| MAexp50: | 137.02 | |
| MAexp100: | 135.76 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | +7.21% | |
| Price / MA100: | +5.39% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -1.37% | |
| Price / MAexp50: | -1.19% | |
| Price / MAexp100: | -0.27% |
Quotes :
2020-06-24 16:28:17
-
15 min delayed data
-
NYSE Stocks
News
The last news published on FEDEX CORP. at the time of the generation of this analysis was as follows:
- FedEx Corp. Board Declares Quarterly Dividend
- FedEx Office and Canva Redefine What's Possible with Launch of Digital Content and Design-to-Print Marketplace
- FedEx Logistics Helps in the Fight against COVID-19 by Distributing Personal Protective Equipment to Hospitals throughout Latin America
- FedEx Rapidly Deploys the Okta Identity Cloud to Secure its Remote and Essential Workforce
- FedEx Encourages Entrepreneurs to Apply for #SupportSmall $1 Million in Grants
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FEDEX CORP. - 1H