FedEx: sellers take back control
FedEx slips 0.5% as sellers retake control after last week's 8% bounce
FedEx: sellers take back control
Our view last week
FedEx shares add 0.5% in a week that's worth more than the number: the stock has just carved out a double bottom in the 305 area, with an 8% intermediate rebound, and buyers have stepped back into the driver's seat after weeks of seller dominance. This week's technical analysis, though, flags a trend losing conviction — momentum has caved and the ADX is falling — while price stays boxed into a tight band between nearby resistance and support.
This week's summary
FedEx shares hand control back to sellers: after last week's 8% rebound off the double bottom in the 305 area, this week 78% of volume flips to the sell side, with the last candle dominated in extreme fashion. The weekly technical analysis flags the MACD easing further and money flow cooling off, while the ADX keeps falling: the trend loses more conviction. The 305 area support still holds, and the trade, in its 13th week, sits essentially at breakeven.
IQS Phase
38
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#55 / 112
US stocks in progress
Trade P&L %
-0.95%
from signal to today
restricted Platinum content