Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FDX Stock is in an uptrend after breaking major resistance levels</a> </li> 
 <li> <span>2</span> <a>The MACD and RSI are indicating a drop in the strength of bulls for the time being.</a> </li> 
</ul> 
<p>FedEx Corporation (NYSE: FDX) is a holding company, which engages in the provision of Logistics, e-commerce, business services, and business solutions. It operates through FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other and Eliminations. FedEx is a listed company on the New York Stock Exchange with a market cap of $64B&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-why-fdx-stock-price-is-rising-strong"><strong>Why FDX stock price is rising?</strong></h2> 
<p>When the quarterly report of May 2023 was published, the FDX stock price saw a major entry of confident investors making the trend go bullish. The company made a quarterly revenue of $21B which was actually a negative growth rate of 10% on a year-on-year basis. The financial management has done a commendable job of increasing the operating profits and net income by almost 2 folds at the same time.</p> 
<p>The Net income for FedEx was $1.54B which is 175% more if compared to last year’s quarter 4 profit of $1.11B. Although the stock prices have gone up, the price-to-earnings ratio for the current period is 14.8 which is significantly lesser than the industry P.E of 18</p> 
<p>The Logistics giant pays out regular dividends to its shareholders. with a dividend per share of $4.6 on a yield of 2.11%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-price-prediction-of-fdx-stock-strong"><strong>Technical analysis and price prediction of FDX stock</strong></h2> 
<div class="wp-block-image"> 
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  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-1024x511.png" alt="FDX stock price: Quarterly Reports Attracts Bullish Investors" class="wp-image-168421" style="width: 100%;height:511px" width="1024" height="511" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-768x383.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-1536x766.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-750x374.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462-1140x569.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-462.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Chart provided by TradingView (Daily time frame)
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</div> 
<p>At press time, the FDX stock price is in a rigorous uptrend as it is constantly breaking previous resistances. At present, the FDX stock is trading at the level of $257 after taking a rebound from its immediate support level of $250. On the upper end, the immediate resistance for FDX bulls is $235.&nbsp;</p> 
<p>Furthermore, the EMAs of the stock are seen making a bullish crossover with each other. At present, the 50-day EMA is at $255 and is likely to provide further support to the bulls. On the other hand, the 200-day EMA is catching up from the bottom at $232.</p> 
<p>The MACD indicator is showing a short-term downtrend after the stock price took a resistance from $264 this caused both the EMA and the MACD line to fall below its neutral zone of zero. At present, the MACD line is at -1.77 while its EMA is at -1.01.</p> 
<p>The RSI, on the other hand, has fallen below its neutral territory of 50. After rebounding from a weak level of 36, 2 days ago. At present, the RSI is at the level of 47 while its SMA is at 44.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The prediction for the<a href="https://www.thecoinrepublic.com/2023/09/08/fedex-stock-fdx-is-the-bullish-momentum-over-in-fdx-stock/"> FDX stock price </a>is bullish till it reaches its immediate resistance. As a strong rejection from that level is seen in the recent past, the bulls will have to hold on to a strong bullish momentum to get past this level.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support levels: $250 and $235</p> 
<p>Resistance levels: $264 and $279</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FDX stock price: Quarterly Reports Attracts Bullish Investors

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