FEDEX CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	FDX
ISIN:

FEDEX CORP. - 1H - Technical analysis published on 11/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 266.83 USD

My targets

277.30 USD (+1.26%)

286.76 USD (+4.71%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FEDEX CORP.. As long as you are above the support located at 266.83 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 277.30 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 286.76 USD as an objective. Crossing it would then enable buyers to target 297.34 USD. If the support 266.83 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.5

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

Additional analysis

Quotes

The FEDEX CORP. price is 273.85 USD. The price is lower by -0.08% since the last closing with the lowest point at 273.01 USD and the highest point at 276.72 USD. The deviation from the price is +0.31% for the low point and -1.04% for the high point.

273.01

276.72

273.85

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of FEDEX CORP. indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	263.28	266.83	272.99	273.85	277.30	286.76	297.34
Change (%)	-3.86%	-2.56%	-0.31%	-	+1.26%	+4.71%	+8.58%
Change	-10.57	-7.02	-0.86	-	+3.45	+12.91	+23.49
Level	Major	Intermediate	Intermediate	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	268.62	270.82	272.33	274.53	276.04	278.24	279.75
Camarilla	272.83	273.17	273.51	273.85	274.19	274.53	274.87
Woodie	268.29	270.65	272.00	274.36	275.71	278.07	279.42
Fibonacci	270.82	272.23	273.11	274.53	275.94	276.82	278.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	254.54	260.69	266.40	272.55	278.26	284.41	290.12
Camarilla	268.86	269.95	271.03	272.12	273.21	274.29	275.38
Woodie	254.33	260.58	266.19	272.44	278.05	284.30	289.91
Fibonacci	260.69	265.22	268.02	272.55	277.08	279.88	284.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	194.29	223.89	248.79	278.39	303.29	332.89	357.79
Camarilla	258.69	263.69	268.68	273.68	278.68	283.67	288.67
Woodie	191.93	222.72	246.43	277.22	300.93	331.72	355.43
Fibonacci	223.89	244.71	257.57	278.39	299.21	312.07	332.89

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):	45.78
MACD (12,26,9):	0.3000
Directional Movement:	-1.45
AROON (14):	-42.85
DEMA (21):	275.91
Parabolic SAR (0,02-0,02-0,2):	273.45
Elder Ray (13):	-0.55
Super Trend (3,10):	272.22
Zig ZAG (10):	273.93
VORTEX (21):	0.9600
Stochastique (14,3,5):	40.88
TEMA (21):	275.43
Williams %R (14):	-83.41
Chande Momentum Oscillator (20):	-2.69
Repulse (5,40,3):	-0.7100
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.62

MA7:	273.07
MA20:	269.00
MA50:	277.14
MA100:	280.72
MAexp7:	275.29
MAexp20:	275.34
MAexp50:	274.09
MAexp100:	272.64
Price / MA7:	+0.29%
Price / MA20:	+1.80%
Price / MA50:	-1.19%
Price / MA100:	-2.45%
Price / MAexp7:	-0.49%
Price / MAexp20:	-0.51%
Price / MAexp50:	-0.06%
Price / MAexp100:	+0.47%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on FEDEX CORP. at the time of the analysis were as follows:

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

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