Technical Analysis
FedEx's stock is currently showing signs of weakness with RSI at 45.28, indicating a neutral to slightly bearish momentum . The stock is trading below its 60-day SMA of $281.01, suggesting short-term bearish pressure.
Price Target Analysis
Based on Fibonacci levels:
News Sentiment & Event Impact
Recent significant events affecting FDX:
Chinese Vice President Han Zheng's meeting with U.S. business leaders, including FedEx CEO Rajesh Subramaniam, indicating positive diplomatic relations.
FedEx's inclusion in Realty Income's tenant portfolio, demonstrating stable business relationships.
Strong analyst ratings with 15 analysts providing coverage:
Price Prediction for Next Week
Based on technical indicators and news sentiment:
Recommendation
SELL with a target price of $269.46. The stock shows technical weakness with bearish momentum, trading below key moving averages. Set stop-loss at $279.40 (R1 level).
Key reasons for bearish outlook:
The price of FDX is predicted to go up 4.28%, based on the high correlation periods with JCTC. The similarity of these two price pattern on the periods is 96.5%.
FDX
JCTC
Despite near-term normalization off lofty levels, FedEx's US ground and international express package delivery operations should enjoy positive longer-term tailwinds from e-commerce growth.
FedEx's massive package sortation footprint, immense air and delivery fleet, and global operations knit together a presence that's extraordinarily difficult to replicate.
During its nearly five-decade history, FedEx has weathered multiple economic cycles. While short-term results may suffer, the company's powerful parcel delivery network is firmly established.
Stifel
Price Target
$368 → $364
Upside
+34.8%
JP Morgan
Price Target
$370 → $372
Upside
+35.27%
Raymond James
Price Target
$305 → $320
Upside
+16.06%