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Fedex

FedEx: Still room to grow. Aiming at the 1W MA200.FDX has seen enormous rise this week, breaking above the 1W MA50 (RSI = 59.573, MACD = -0.910, ADX = 28.559). Despite that, it is still undervalued both on the short and long term. Based on its recovery after the Subprime Mortgage crisis (the pattern then is very similar to today), it is aiming at the 1W MA200 on the short-term (right now at 192.71) and on the long-term to new ATH. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:FDXLong
by InvestingScope
1
$FDX is in an Important Zone $FDX has had a harsh year: -From ATH of 274.66 in Jan 2018 -To a short term low of 137.78 in Oct 2019 As you can see, on the monthly chart, we have now touched the (almost) 11-year trend line from 2009: Transports have been getting the worse end of the stick for a while, and it is right around the holidays - when a lot of shipping happens. I don't want to have a bias either way here yet - but, I can tell you that this is an important zone. You can either expect large buyers to start refueling in this zone, or at least testing the waters. However, from a fundamental standpoint, $FDX has gotten worse in this time frame - and if large buyers don't step in here, you're likely to see another large down wave. To zoom in a bit, here is where we are on the weekly: As you can see, we have touched the (almost) 11-year trend line in a tweezer bottom ever so slightly, and have been looking for direction since in this rectangle. From this chart, I think it's important to note: -All 3 of the last large red weekly candles have had the highest volume since 2009 , -2 of these weeks recorded all-time high volumes I do not think this has shown enough strength yet at these levels to warrant a long, however, I am eying this level to show strength by gapping back up into this rectangle, or getting rejected - probably having to retest the (almost) 11-year trend line again: Will continue to add to this as time goes on... Feel free to let me know your thoughts, or share any input you have on the fundamental or technical side of things - love to learn and grow with everyone! This will likely take 2-3 months to pan out, but it could be a once in a decade setup, whichever way the market decides to push it. Keep your eyes open on this one.
NYSE:FDX
by UnknownUnicorn3126937
2
FedEx MEDIUM-TERM OUTLOOK|Technicals &Few Fundamentals|DJUSAF/TSFedEx(FDX) : Series on Equities (Extension to XLI post)- Sept 22nd (5 Minute Read) Since I do not post much about individual equities (maybe this will change in the future) , I will keep this post short and mostly technical . Nevertheless, some extremely significant fundamentals will be analysed . The purpose of this post is to analyse FedEx's performance and their correlation with the expected performance of the US economy in the next 3-4 Quarters . Key word : Expectations . Starting-off with the technicals. On the monthly chart, FDX is nearing a bearish cross/squeeze on the ichimoku cloud . This is quite crucial as the ichimoku cloud previously served as a buy zone in 2016 and 2012 . At the end of 2018 and the sell-off, the primary support levels for FedEx were the 100 Monthly EMA (turquoise line) near the ichimoku cloud. Unfortunately, this outcome only served as a bearish flag, and with the recent earnings miss the cross finally happened. At this moment and time in September, the last monthly candle simply looks very nasty(bearish) . As labelled from the chart, the next support zones are the previous bottoms from 2016 and the peaks of 2007 ~122-132$ . Now, let's dive into the fundamentals and compare FedEx to the dow benchmark for delivery and transportation services . ibb.co ( DJUSAF- Delivery Services ) ibb.co ( DJUSTF- Transportation Services ) Unfortunately, these charts can't be accessed on Tradiview due to regulations. FedEx blamed the recent earnings miss on the US/China Trade war stall and the split with Amazon . This is fair, but is there more to it? From the 2 links above, it's clear that the two industries haven't performed as well as compared to some of the other cyclical industries. DJUSAF/DJUSTF can be considered somewhat middle of the pack between cyclical and defensive , depending on the factors considered. Perhaps FedEx is struggling, but so are these fundamental industries as a whole . The last earnings miss from FedEx was not as large as the previous one, yet it seems that the expectations were that it will perform just as well as the rest of the SPX/Dow companies . The main issue at hand is, whether this poor performance can improve our expectations on, how the economy will perform in the next four critical and highly risky quarters (Q3;Q4- 2019, Q1;Q2- 2020)? (ibb.co) Credit to the Cass Freight inc . The recent report from the Cass Freight Inc. suggests that there is a major downtrend in trading volume across the US and globally. FedEx's lowering their 2020 earnings guidance is not a mutually exclusive issue to the downtrend in trading volumes. Essentially, the worst case outcome of these two events is that, they can be seen as recession foreshadowing factors . Without a doubt their performance can be considered as fundamental to a healthy and growing economy. To wrap up this post just like every other one from my past 10 posts- since the summer and in the following quarters, expecting a speculation game . On the chart above the primary bullish FedEx targets are marked in case there's a US/China trade deal . Otherwise, as things stand, the most likely pattern is the drawn ABC . Depending on the timing of the bad news in the worst case, could expect a direct drop to ~60,65$. Keeping a close look at FedEx and the performance of some of the fundamental/defensive industries in the next couple of quarters will be essential . This is it for FedEx, hope at least someone found this post useful! I'd really appreciate any comments with insights on FedEx or similarly fundamental stocks. -Step_Ahead_ofthemarket- >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated ! 1. Part two- US10Y, US 10 Year Treasury note Yield 2. The uptrend in VIX analysis : 3. FED Rates Supercyclical analysis : 4. US Industrials XLI : Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content for private or corporate purposes- contact me through any of my social media channels.
NYSE:FDXShort
by step_ahead_ofthemarket