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...
I 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!
no time lift before NSE:OIL explode
If we don't get a close of the gape between the We we'll bounce once and for all
As always wish me luck
Good luck to me 😄
Please not a financial advice 🙏
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...
FDX is certainly not the holy grail of analysis when it comes to the global economy. However, we cannot ignore what the market is saying about it either.
We already know for a while now that OPEC cut oil production due to a lack of demand globally. We also know that oil prices spiked due to the Russian invasion of Ukraine.
The US countered that spike in prices...
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 /...
M15 and M30 are oversold with divergence, there is a pattern on M15 and M30, There is very good support for this buy, as this is with the trend so it should go up to $270.
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...
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...
Fedex 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...
If 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...
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.
![FDX: [b] Navigating FedEx's Earnings with an Iron Condor[/b]](https://s3.tradingview.com/f/FvFekSBE_mid.png "[b] Navigating FedEx's Earnings with an Iron Condor[/b]")
