Fresh Sell signal on FedEx stock
FedEx stock drops 2.4% as a fresh Sell signal opens with lower lows
Fresh Sell signal on FedEx stock
Our view last week
FedEx shares find buyers again this week: 56% of volume flips to the buy side after last week's rout, and the stock closes up a modest 0.6%, with the double bottom in the 305 area holding. The bigger picture doesn't change lanes, though: the ADX has now fallen for a fourth straight week and the MACD keeps losing ground, a sign the trend is struggling to regain traction. The trade sits essentially at breakeven.
This week's summary
FedEx stock slips 2.4% this week as a fresh Sell signal opens: last week's buyer rebound didn't hold, with the weekly ADX still falling and the MACD below zero. Price stays boxed between support in the 307 area and resistance in the 309 area, with only 9% of daily volume on the buy side. Signal strength drops to 30 out of 100: a decline just getting started, making lower lows, not yet spent. Our technical analysis flags trading as not recommended at the open.
IQS Phase
89
in tension / maturity
Signal Strength
30
decline starting to make lower lows
Sizing
REDUCED
Ranking
#34 / 138
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 34th among the 138 sell signals for US stocks in our ranking, with a signal strength of 30 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
FDX belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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