FEDEX CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FDX
ISIN:

FEDEX CORP. - Daily - Technical analysis published on 11/16/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

89%

11%

My opinion

Bullish above 169.60 USD

My targets

179.93 USD (+2.08%)

194.95 USD (+10.60%)

My analysis

The strong short-term increase in FEDEX CORP. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 169.60 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 179.93 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 194.95 USD as an objective. Crossing it would then enable buyers to target 212.60 USD. Caution, a return under 169.60 USD could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

3.2

Comment on the analysis

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 Clay707. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FEDEX CORP. rating is 176.26 USD. The price registered an increase of +0.86% on the session and was between 173.65 USD and 179.51 USD. This implies that the price is at +1.50% from its lowest and at -1.81% from its highest.

173.65

179.51

176.26

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FEDEX CORP.:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FEDEX CORP. in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	142.90	159.95	169.60	176.26	194.95	212.60	222.75
Change (%)	-18.93%	-9.25%	-3.78%	-	+10.60%	+20.62%	+26.38%
Change	-33.36	-16.31	-6.66	-	+18.69	+36.34	+46.49
Level	Minor	Intermediate	Intermediate	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	167.58	170.61	173.44	176.47	179.30	182.33	185.16
Camarilla	174.65	175.19	175.72	176.26	176.80	177.33	177.87
Woodie	167.47	170.56	173.33	176.42	179.19	182.28	185.05
Fibonacci	170.61	172.85	174.24	176.47	178.71	180.10	182.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.94	149.99	162.80	169.85	182.66	189.71	202.52
Camarilla	170.15	171.97	173.79	175.61	177.43	179.25	181.07
Woodie	145.82	151.43	165.68	171.29	185.54	191.15	205.40
Fibonacci	149.99	157.58	162.26	169.85	177.44	182.12	189.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	137.18	142.58	151.43	156.83	165.68	171.08	179.93
Camarilla	156.36	157.67	158.97	160.28	161.59	162.89	164.20
Woodie	138.91	143.44	153.16	157.69	167.41	171.94	181.66
Fibonacci	142.58	148.02	151.39	156.83	162.27	165.64	171.08

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.94
MACD (12,26,9):	2.3800
Directional Movement:	18.72
AROON (14):	57.14
DEMA (21):	164.25
Parabolic SAR (0,02-0,02-0,2):	155.91
Elder Ray (13):	11.70
Super Trend (3,10):	159.75
Zig ZAG (10):	176.26
VORTEX (21):	1.1200
Stochastique (14,3,5):	89.48
TEMA (21):	172.01
Williams %R (14):	-11.54
Chande Momentum Oscillator (20):	15.89
Repulse (5,40,3):	1.8700
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	14.79

MA7:	167.06
MA20:	159.81
MA50:	163.55
MA100:	194.48
MAexp7:	168.98
MAexp20:	162.98
MAexp50:	169.50
MAexp100:	184.28
Price / MA7:	+5.51%
Price / MA20:	+10.29%
Price / MA50:	+7.77%
Price / MA100:	-9.37%
Price / MAexp7:	+4.31%
Price / MAexp20:	+8.15%
Price / MAexp50:	+3.99%
Price / MAexp100:	-4.35%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on FEDEX CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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