FDX trade ideas
FDX - BEARISH SCENARIO
FedEx reduced its yearly revenue forecast due to tough competition with UPS and other delivery rivals in a slow holiday season, causing its shares to drop nearly 8%. The company now expects a slight revenue decline instead of previously anticipated steady results. FedEx shares fell to $258.30 in after-hours trading from $280 at Tuesday's close. To protect profits, FedEx cut costs and gained business from UPS before the expiration of UPS's contract covering about 340,000 Teamsters-represented workers. UPS fought back by covering early termination fees for customers who switched to FedEx. Additionally, FedEx plans to buy back $1 billion of common stock in fiscal year 2024.
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FDX "FedEx" EarningsI see FDX forming a Bullish Pennant after surpassing a 52-week high and going into earnings. We have also seen record highs in online sales which signify an exceptional increase in Shipping/Transportation. I see this benefitting both FDX and UPS for their upcoming earnings reports and forward guidance. Let's see how this plays out!
[b] Navigating FedEx's Earnings with an Iron Condor[/b]FedEx Corporation (NYSE: FDX) will release its earnings for the third quarter of 2023. With the market expectations high, investors are eagerly awaiting the company's performance. Amidst this anticipation, an iron condor strategy can be a prudent approach to navigate FedEx's earnings and potential post-earnings volatility.
Understanding an Iron Condor
An iron condor is a versatile options trading strategy that aims to profit from a narrow price range. It involves buying a put option and selling a call option with the same strike price but different expiration dates. Additionally, it also involves simultaneously buying a call option and selling a put option with the same strike price but different expiration dates.
In this specific case, an iron condor with strike prices of $240, $245, $315, and $320 expiring on December 22, 2023, can be considered.
Potential Outcomes
If FedEx's stock price remains within the range of $245 to $315 on the expiration date, the iron condor will expire worthless, and the investor will keep the entire premium earned.
Considering Earnings Announcement
As FedEx's earnings release approaches, market volatility is expected to increase AND AFTER DROP.
Conclusion
An iron condor can be an effective strategy for navigating FedEx's earnings and potential post-earnings volatility. By limiting the maximum loss and offering moderate profit potential, it can help investors manage their risk while still capturing potential upside. As the earnings announcement approaches, carefully monitoring the stock price and market sentiment can aid in making timely adjustments to the position.
FedEx has posted a double top.FedEx Corporation - 30d expiry - We look to Sell at 269.78 (stop at 277.78)
Posted a Double Top formation.
We look for a temporary move higher.
The trend of lower lows is located at 270.
270.46 has been pivotal.
We are trading at overbought extremes.
Our profit targets will be 249.78 and 245.78
Resistance: 250.00 / 258.00 / 270.95
Support: 241.04 / 234.00 / 230.00
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
FDX Long/short View! NYSE:FDX -
FedEx stock has a support level at $258.40, which may present buying opportunities when tested.
The stock is known for its controlled movements and low liquidity risk.
Daily volatility is around 2.19%, while weekly volatility averages 2.33%.
No specific stop-loss recommendation is provided at this time.
Trading Expectations for Monday, 25th:
FedEx is expected to open at $261.64.
During the trading day, the stock may range between $255.63 and $266.55, with a potential range of +/- $5.46 (+/- 2.09%).
Given its proximity to the resistance at $261.85 (0.29%) compared to the support at $258.40 (1.03%), it's advised to consider trades closer to the support level.
Insider Trading Activity:
Insiders have been selling more shares (608.98 thousand) than buying (497.45 thousand) in the last 100 trades, indicating a preference for selling.
Is FedEx Corporation stock a Buy?
FedEx currently exhibits negative signals and is expected to perform weakly in the short term.
The stock's analysis conclusion has been downgraded from Hold/Accumulate to a Sell candidate due to some technical weaknesses.
FDX primed to reward traders 20%FedEx Corp. (FDX) presently testing meaningful support, able to absorb weekly selling pressures.
From here, (FDX) can gain bullish momentum and turn higher into later year, eliciting gains of 20% over the following 3-5 months.
Inversely, if a weekly settlement below this support level occurs, (FDX) would be placed into a sell signal where losses of 20% would be expected over the same time horizon.
FEDEX ignoring the market jitters & offers a strong opportunityFedex opened higher today following the favorable fundamentals, ignoring the overall weakness on the market in the Fed aftermath.
Two days ago it achieved a rebound on the MA100 (1d), exactly at the bottom of the Channel Up that started exactly 1 year ago.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 292.00 (-0.382 Fibonacci extension, same as the April 6th High).
Tips:
1. The MACD (1d) just formed a Buy Cross. Every such formation inside the Channel Up has started a rally to a Higher High.
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FDX FedEx Corporation Options Ahead of EarningsIf you haven`t bought FDX here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of FDX FedEx prior to the earnings report this week,
I would consider purchasing the 220usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $1.96.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FedEx ,,, Strong rising Strong desire to rising, has not allowed to this chart having a pullback and I suppose FedEx will not have problem to received to 320 in a short time. As always setting a god SL is essential for trading.
The only R that i see in this way can be 268 and after passing that, target will be available.
Buying FedEx at previous resistance.FedEx Corporation - 30d expiry - We look to Buy at 232.11 (stop at 224.61)
Daily signals are bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
A lower correction is expected.
Bespoke support is located at 232.
This stock has seen good sales growth.
Our profit targets will be 250.11 and 253.11
Resistance: 250.08 / 255.00 / 260.00
Support: 245.09 / 238.00 / 232.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
FDX FedEx Corporation Options Ahead of EarningsIf you haven`t sold FDX here:
Then analyzing the options chain of FDX FedEx Corporation prior to the earnings report this week,
I would consider purchasing the 250usd strike price Calls with
an expiration date of 2023-7-21
for a premium of approximately $3.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it!