Trading Signals: FDX Stock Price Prediction and Forecast

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Fri. Jul. 14, 2023

Trading Signals: FDX Stock Price Prediction and Forecast (Mon. Dec. 1, 2014 - Fri. Dec. 22, 2023)

(FedEx Corporation)
FDX latest price $257.4500 (-0.39%) ($256.1600 - $259.7300) on Fri. Jul. 14, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.46% (three month average)
RSI   84
Latest Price   $257.4500(-0.39%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   FDX advances 0.5% a day on average for past five trading days.
Weekly Trend   FDX advances 3.1% a week on average for past two weeks.
Market Behavior   Rotation from value to growth for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support FDX advance at 0% a week (0% probability)
IYT(64%)    IVE(55%)    IWD(53%)    PEJ(52%)    XLI(52%)
Factors Impacting FDX price   FDX will decline at least -0.73% in a week (0% probabilities).
VXX(-44%)    VIXM(-41%)    UUP(-16%)    SHY(-3%)    GLD(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.73% (StdDev 1.46%)
Hourly BBV -1.2 ()
Intraday Trend -0.3%

5 Day Moving Average   $257.52(-0.03%)
10 Day Moving Average   $253.32(1.63%)
20 Day Moving Average   $245.75(4.76%)
To recent high   -1.6%
To recent low   18.5%
Market Cap   $67.44b

FedEx Corp. is a holding company, which engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other, and Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment focuses on small-package ground delivery services. The FedEx Freight segment offers less-than-truckload freight services across all lengths of haul. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions. The Corporate, Other, and Eliminations segment includes corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to the company's core business. The company was founded by Frederick Wallace Smith on June 18, 1971 and is headquartered in Memphis, TN.

$. FDX price fluctuates within 4.2% (three month std-dev: 1.46%) daily (68% of days).

Sample size 50 Average positive next day return: 1.5%(44%) Average negative next day return: -1.48%(56%) Sample size 50 Average positive next three day return: 1.99%(52%) Average negative next three day return: -2.62%(48%) Sample size 50 Average positive next weekly return: 2.85%(58%) Average negative next weekly return: -2.91%(42%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230814

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_14_2023	226.32	245.75	253.32	257.52	258.55	259	257.45(-0.39%)	UD	OpenLong	65	-0	23	20	-10	122	1.04	74%	0.24	80.7	1.46%	-1.2	1.1	84	1.2
2	Jul_13_2023	225.77	244.34	252.55	256.28	256.83	260.5	258.46(-1.2%)	UD	OpenLong	75	0.2	162	110	148	203	1.72	74%	0.26	84.1	1.46%	-0.3	1.4	84	1
3	Jul_12_2023	225.19	242.66	251.51	254.12	254.17	258.1	261.61(1.24%)	UT	HoldLong	65	0.8	257	110	254	265	2.07	74%	0.26	82.5	1.45%	1.3	1.9	92	1.1
4	Jul_11_2023	224.61	240.75	249.94	251.47	250.83	253.15	258.4(2.67%)	UT	HoldLong	65	0.7	171	60	152	226	3.04	74%	0.16	80.3	1.45%	1.8	1.9	78	-0.3
5	Jul_10_2023	224.25	239.05	247.64	249.3	248.95	250.24	251.69(0.18%)	UT	OpenLong	75	0.3	110	30	84	189	1.57	72%	0.19	79.1	1.42%	0.5	1.4	71	-0.5

6	Jul_7_2023	223.82	237.69	245.8	248.54	248.03	248.51	251.25(1.45%)	UT	OpenLong	75	0.3	68	10	37	160	2.42	72%	0.19	78.8	1.42%	1.6	1.4	66	-0.3
7	Jul_6_2023	223.4	236.11	244.03	248.28	247.76	247.66	247.67(-0.26%)	UD	OpenLong	65	-0.1	34	-10	-5	152	1.71	71%	0.16	76.1	1.42%	0.1	1.2	70	-0.6
8	Jul_5_2023	223.04	234.79	241.97	248.44	248.18	247.55	248.32(0.31%)	UD	OpenLong	65	-0	35	-20	-7	159	1.61	71%	0.22	75.6	1.42%	-0.1	1.4	73	0.9
9	Jul_3_2023	222.55	233.45	240.32	248.13	248.07	247.86	247.55(-0.14%)	UD	OpenLong	75	-0.1	54	-10	12	181	1.28	71%	0.18	71.3	1.43%	0	1.4	74	1.2
10	Jun_30_2023	222.15	231.93	238.88	245.6	246.6	248.81	247.9(-0.83%)	UD	OpenLong	75	0.2	136	70	110	213	2.6	71%	0.18	63	1.43%	1.2	1.7	72	1

11	Jun_29_2023	221.74	230.41	237.64	242.49	243.08	248.27	249.98(0.62%)	UT	OpenLong	75	0.8	250	160	247	259	2.15	71%	0.19	51.4	1.43%	1	2.1	74	1
12	Jun_28_2023	221.32	229.12	235.46	239.08	238.72	244.39	248.44(0.68%)	UT	HoldLong	65	1.1	330	160	346	283	2.98	71%	0.18	43.9	1.44%	1	2.3	77	1.2
13	Jun_27_2023	220.92	227.81	233.01	234.56	234.2	237.9	246.76(5.04%)	UT	OpenLong	75	1.7	254	110	267	215	4.16	71%	0.17	31.6	1.43%	1.8	2.6	73	1.1
14	Jun_26_2023	220.54	226.63	230.63	231.54	230.42	233.05	234.93(1.11%)	UT	OpenLong	75	0.6	116	70	109	135	2.21	65%	0.1	20.8	1.3%	1.8	1.4	66	1
15	Jun_23_2023	220.33	226.02	229.64	231.24	230.01	230.51	232.34(-0.25%)	UD	OpenLong	75	0.2	93	-0	78	136	3.03	65%	0.09	18.8	1.29%	0.5	1.2	69	1.1

16	Jun_22_2023	220.14	225.7	228.88	232.06	230.97	227.8	232.93(3.14%)	N/A	N/A	0	0.2	-39	-110	-84	97	3.59	65%	0.15	28.6	1.29%	1	1.4	68	1.4
17	Jun_21_2023	219.82	225.43	227.58	231.25	231.94	229.52	225.84(-2.51%)	N/A	N/A	0	-1.1	-127	-60	-183	43	7.13	60%	0.15	32.1	1.24%	-1.7	0.1	50	1.3
18	Jun_20_2023	219.49	225.56	227.18	230.99	231.87	234.14	231.65(-0.78%)	UD	OpenLong	75	0.1	75	80	55	133	5.13	68%	0.36	36.2	1.22%	-0.1	1.2	58	1.2
19	Jun_16_2023	218.7	225.44	226.19	229.42	229.73	234.36	233.46(-1.26%)	UD	OpenLong	75	0.9	203	150	219	156	3.29	80%	0.21	34.4	1.57%	1	1.7	59	1.6
20	Jun_15_2023	218.25	225.01	224.56	227.73	226.71	229.6	236.44(3.31%)	UT	OpenLong	75	1.9	170	80	188	116	2.32	80%	0.36	25.1	1.65%	0	2.6	64	1.2

21	Jun_13_2023	217.46	224.21	222.63	225.36	224.58	225.1	228.87(1.92%)	UT	OpenLong	75	1	59	10	67	35	2.34	78%	0.18	4.4	1.6%	2.2	1.3	51	1.3
22	Jun_12_2023	217.08	223.87	222.24	223.48	223.69	223.82	224.55(0.35%)	RB	SmallLong	20	0.3	11	10	17	-7	1.44	76%	0.18	-21.7	1.61%	0.3	0.2	43	1.4
23	Jun_9_2023	216.69	223.79	222.16	222.79	222.57	224.06	223.76(-0.56%)	N/A	N/A	0	0.3	15	40	25	-17	1.65	68%	0.18	-36.2	1.66%	0.4	-0	41	1.7
24	Jun_8_2023	216.29	223.84	222.24	222.39	222.11	223.56	225.01(0.18%)	UT	OpenLong	75	0.8	78	40	103	2	1.63	68%	0.18	-41.2	1.66%	1.2	0.3	40	2
25	Jun_7_2023	215.91	223.89	222.05	220.84	221.03	221.08	224.6(2.32%)	RB	SmallLong	20	1.1	25	0	46	-38	2.14	68%		-56.5	1.67%	2.1	0.2	48	2.2
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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