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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/08/2024 10:22:00 EST
FedEx Corporation (FDX)
Industry: Integrated Freight & Logistics
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, FDX has been trading in a range between $299.84 and $245.09 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
FDX is trading below resistance at $299.84, about 2% to the upside. There is support at $265.60 -10% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
FedEx Corporation $FDX entered a Green zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $293.48, a potential down side of -0.18% from the recent price of 294.00. The stock is trading 2.86% (potential upside) below its 52 week high of $302.41 and 32.85 % (potential downside) above its 52 week low of $221.30 - based on the recent price.
Company Summary
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
News
| Here's the 1 Thing UPS and FedEx Investors Need to Look Out For in 2024 Package delivery volumes are set to improve, according to both companies' management teams. Revenue per package and yields are holding up well. Source: The Motley Fool Thu, 04 Jul 2024 04:06:00 -0400 Sentiment: Positive |
| The 7 Best Stocks to Buy in July 2024 The first half of the trading year is in the books, and by all accounts, it was a resounding success. The benchmark S&P 500 index rose 15% from January through the end of June, hitting all-time highs on 31 separate occasions. Source: InvestorPlace Wed, 03 Jul 2024 11:52:02 -0400 Sentiment: Positive |
| Why FedEx Stock Hit the Gas in June FedEx beat expectations in its most recent quarter. The company is also considering shedding its freight operation. Source: The Motley Fool Tue, 02 Jul 2024 13:07:55 -0400 Sentiment: Positive |
| Here's Why You Should Retain FedEx (FDX) Stock for Now FedEx's (FDX) bottom line is bolstered by reduced structural cost initiatives. Efforts to reward shareholders are commendable. Source: Zacks Investment Research Tue, 02 Jul 2024 10:07:48 -0400 Sentiment: Positive |
| FedEx's Turnaround Story: Why Wall Street Is Betting on 100% Upside Surprise positive earnings by FedEx (NYSE: FDX ) sent its stock soaring nearly 20% last week. The package delivery specialist easily beat Wall Street's fiscal fourth-quarter revenue and earnings estimates, helping to lift shares to one of its best one-day performances. Source: InvestorPlace Tue, 02 Jul 2024 06:30:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 302.41 52 Week Low: 221.2956 Beta: 1.194 50 Day MA: 261.0346 200 Day MA: 256.3718 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.133 Qtr Revenue Growth YOY: 0.139 Forward PE: 12.3305 Trailing PE: 17.093