Technical Analysis on FedEx (FDX)

Despite the long- and short-term uptrend, FedEx stock displays some peculiar behavior, with frequent gap ups and gap downs, mostly occurring around earnings reports. Some gap downs have reached up to 20%, but were quickly filled shortly thereafter.



Recently, the stock reached its all-time high, only to be rejected. Therefore, the $320 area serves as a strong resistance (RES) that needs to be broken for the stock to resume its bullish trend.



Bullish Scenario
Following the release of the latest earnings report and declining revenue, the stock dropped 15% in a single day, creating a new gap down. With this decline, the price is now approaching a key volume area, the POC zone around $250. This area could act as support, containing the price and potentially initiating a rebound.



Bearish Scenario
If the POC area fails to hold the price, the stock could continue its decline toward a static support zone around $200.



FedEx remains an interesting stock to watch, especially considering how it reacts in the coming weeks and its ability to maintain key support levels.