FEDEX CORP. - Daily - Technical analysis published on 06/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 266.01 USD
My targets
240.19 USD (-3.94%)
235.29 USD (-5.90%)
My analysis
The bearish basic trend is very strong on FEDEX CORP. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 266.01 USD. Crossing the first support at 240.19 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 235.29 USD as an objective. Crossing it would then enable sellers to target 225.71 USD. Caution, a return to above the resistance located at 266.01 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.6
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. rating is 250.03 USD. On the day, this instrument lost -0.01% with the lowest point at 249.12 USD and the highest point at 252.41 USD. The deviation from the price is +0.37% for the low point and -0.94% for the high point.249.12
252.41
250.03
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FEDEX CORP. indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 235.29 | 240.19 | 249.97 | 250.03 | 266.01 | 280.50 | 289.74 |
| Change (%) | -5.90% | -3.94% | -0.02% | - | +6.39% | +12.19% | +15.88% |
| Change | -14.74 | -9.84 | -0.06 | - | +15.98 | +30.47 | +39.71 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 240.83 | 242.84 | 246.45 | 248.46 | 252.07 | 254.08 | 257.69 |
| Camarilla | 248.52 | 249.03 | 249.55 | 250.06 | 250.58 | 251.09 | 251.61 |
| Woodie | 241.63 | 243.24 | 247.25 | 248.86 | 252.87 | 254.48 | 258.49 |
| Fibonacci | 242.84 | 244.99 | 246.31 | 248.46 | 250.61 | 251.93 | 254.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 230.09 | 236.50 | 241.47 | 247.88 | 252.85 | 259.26 | 264.23 |
| Camarilla | 243.30 | 244.34 | 245.39 | 246.43 | 247.47 | 248.52 | 249.56 |
| Woodie | 229.36 | 236.14 | 240.74 | 247.52 | 252.12 | 258.90 | 263.50 |
| Fibonacci | 236.50 | 240.85 | 243.54 | 247.88 | 252.23 | 254.92 | 259.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.72 | 231.51 | 242.74 | 255.53 | 266.76 | 279.55 | 290.78 |
| Camarilla | 247.36 | 249.56 | 251.76 | 253.96 | 256.16 | 258.36 | 260.57 |
| Woodie | 217.93 | 231.12 | 241.95 | 255.14 | 265.97 | 279.16 | 289.99 |
| Fibonacci | 231.51 | 240.69 | 246.36 | 255.53 | 264.71 | 270.38 | 279.55 |
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): | 46.00 | |
| MACD (12,26,9): | -2.4200 | |
| Directional Movement: | -1.46 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 247.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 253.41 | |
| Elder Ray (13): | 1.14 | |
| Super Trend (3,10): | 257.82 | |
| Zig ZAG (10): | 249.51 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 50.14 | |
| TEMA (21): | 247.51 | |
| Williams %R (14): | -43.11 | |
| Chande Momentum Oscillator (20): | -4.56 | |
| Repulse (5,40,3): | 0.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 0.26 |
| MA7: | 249.86 | |
| MA20: | 249.41 | |
| MA50: | 258.24 | |
| MA100: | 255.74 | |
| MAexp7: | 249.20 | |
| MAexp20: | 251.03 | |
| MAexp50: | 255.05 | |
| MAexp100: | 255.88 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | -3.18% | |
| Price / MA100: | -2.23% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -1.97% | |
| Price / MAexp100: | -2.29% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on FEDEX CORP. at the time of the analysis were as follows:
- Electrification 101: How Fleets and Utilities Can Work Together To Unlock Electrified Transportation
- FedEx Awards More Than $230,000 to 10 Small Businesses
- Flooding in Southern Brazil
- The 2023 FedEx Cares Report Is Now Available
- These Paintings Are No Joke - Art by Talented Chimps on Display in New York
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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