FEDEX CORP.
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 06/26/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 164.31 USD
My targets
152.74 USD (-3.27%)
122.08 USD (-22.69%)
My analysis
FEDEX CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 164.31 USD. The next support located at 152.74 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 122.08 USD. Below this support, sellers could then target 65.12 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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:
15 min. 1H Weekly

Additional analysis

Quotes

The FEDEX CORP. price is 157.90 USD. On the day, this instrument gained +1.23% and was between 153.51 USD and 159.34 USD. This implies that the price is at +2.86% from its lowest and at -0.90% from its highest.

153.51
159.34
157.90

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of FEDEX CORP. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Near support of channel

Type : Bullish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 65.12 122.08 152.74 157.90 164.31 184.70 197.78
Change (%) -58.76% -22.69% -3.27% - +4.06% +16.97% +25.26%
Change -92.78 -35.82 -5.16 - +6.41 +26.80 +39.88
Level Minor Major Major - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard150.62153.30154.64157.32158.66161.34162.68
Camarilla154.87155.24155.61155.98156.35156.72157.09
Woodie149.95152.96153.97156.99157.99161.01162.01
Fibonacci153.30154.84155.78157.32158.86159.80161.34


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.35158.89161.80165.34168.26171.80174.71
Camarilla162.94163.53164.12164.71165.30165.90166.49
Woodie155.03158.73161.48165.19167.94171.64174.39
Fibonacci158.89161.35162.88165.34167.81169.33171.80

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): 41.58
MACD (12,26,9): -2.0600
Directional Movement: -13.89
AROON (14): -28.57
DEMA (21): 159.21
Parabolic SAR (0,02-0,02-0,2): 168.63
Elder Ray (13): -5.25
Super Trend (3,10): 155.79
Zig ZAG (10): 158.24
VORTEX (21): 0.9000
Stochastique (14,3,5): 26.58
TEMA (21): 160.77
Williams %R (14): -71.89
Chande Momentum Oscillator (20): -3.43
Repulse (5,40,3): -2.4100
ROCnROLL: 2
TRIX (15,9): -0.2300
Courbe Coppock: 6.16
MA7: 162.80
MA20: 160.29
MA50: 171.59
MA100: 176.26
MAexp7: 160.88
MAexp20: 162.52
MAexp50: 168.21
MAexp100: 175.56
Price / MA7: -3.01%
Price / MA20: -1.49%
Price / MA50: -7.98%
Price / MA100: -10.42%
Price / MAexp7: -1.88%
Price / MAexp20: -2.87%
Price / MAexp50: -6.16%
Price / MAexp100: -10.09%

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

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