FedEx stock: buy or sell

FDX stock price: $278.26 -0.74% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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FedEx stock brief

  • Counting on Wednesday, it's been 4 consecutive sessions in red for FedEx. Price closed on Wednesday at $278.26 after barely changing a -0.74%.
  • From the chart point view, price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, shares marked a 18.82% profit since the beginning of this rally
  • KeyCorp posted a neutral rating for FedEx last Monday, targeting $350.00
  • FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight.

Should I buy FedEx stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $FDX stock a buy?

In the current situation of FedEx there is not any eligible buy setup. This doesn't mean we expect a selloff for $FDX in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell FedEx stock?

When you own a stock with some profit, it's really difficult to decide the good moment to sell and get your profits. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a haphazard decision, and we must follow our own trading strategy. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short $FDX stock

As a rule of thumb, you should not mantain an operation that shows a losses greater than those expected at the time of the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell FedEx stock?

In the current situation of FedEx there is not any eligible sell setup, so FedEx stock holders with operations in profit can keep their positions

FedEx ratings

In the last 30 days, 5 analyst ratings were published for FedEx. General sentiment is bullish, with 4 out of 5 publishing positive outlooks

FedEx analysts' ratings - Last 30 days
Brokerage firmRating
Mar 25th, 2021
Raymond James Buy
The Goldman Sachs Group Strong buy
Mar 26th, 2021
Vertical Research Strong buy
Apr 1st, 2021
Vertical Research Strong buy
Apr 19th, 2021
KeyCorp

FedEx stock analysis

FedEx stock started an uptrend last January, and grew a gorgeous 18.82%. Rising highs and lows can be seen easily on a chart and how price offered very few buy points on the breakouts. Latest low was last February, when price bounced at $244.74. Like in all uptrends, price needs to take breath and currently price is moving in a range between $294.76 and $244.74

SMAs overview

FDX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $291.88 (4.89% above)
  • R2: $294.76 (5.93% above)
  • R3: $304.19 (9.32% above)
  • The current supports are:

  • S1: $264.77 (-4.85% below)
  • S2: $262.91 (-5.52% below)
  • S3: $255.80 (-8.07% below)
  • Bollinger bands

    The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks

    FDX stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really helping us to make any decisions.

    FDX stock RSI chart

    FedEx stock price history

    FedEx started trading on Apr 12th, 1978 priced at $0.83 per share1. Since then, FDX stock has risen by 33,425.30%, with an average of 777.33% per year. If you had invested thousand dollars in FedEx stock on the IPO, it would have a value of $335,253.01 today.

    1: Adjusted price after possible price splits or reverse-splits

    FDX stock price history chart

    Price target for FedEx stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and usually. Again, these targets are not direct recommendations for small traders and should not be followed blindly.

    There are 5 price predictions issued for FedEx that average $341.00. That is a 22.55% than the current price ($278.26).

    FedEx stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Raymond James $305.00$310.00
    The Goldman Sachs Group $356.00$365.00
    Mar 26th, 2021
    Vertical Research $340.00
    Apr 1st, 2021
    Vertical Research $340.00
    Apr 19th, 2021
    KeyCorp $350.00

    Earnings and financials

    Investors event was hosted by FedEx ($FDX) in mid-March after releasing the financial report. FedEx surpassed consensus earnings estimates and reported of $3.47, that is a 7.10% improvement compared to the initial forecasts of $3.24. Similarly, reported sales were $21.5 billion compared to estimates of $20.0 billion.

    Compared to the same quarter one year ago, EPS was $1.41, so current EPS is a increase of 146.10%. Looking at revenues, figures skyrocketed a 23.01% compared to $174.9B year over year.

    FedEx ($FDX) releases financial report next June. Analysts expect of $4.76, that is a 37.18% more than Q3.

    FedEx performance

    FDX performance compared
    Company1m3m6m
    FedEx ($FDX) 2.50% 9.90% -1.50%

    Please read:
    The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the individual scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for general educational motives only

    FedEx summary

    Wednesday, April 21st, 2021
    Open$279.05
    Close$278.26
    Day range$277.09 - $281.07
    Previous close$280.34
    Session gain-0.74%
    Average true range$6.43
    50d mov avg$269.14
    100d mov avg$266.97
    200d mov avg$247.71
    Earnings dateJune 29th, 2021

    Frequently asked questions

    What is FedEx stock symbol?

    FedEx Corporation is a public company trading in the US stock market with the FDX symbol

    Is FedEx stock a buy or sell?

    FedEx received 5 ratings in the last 30 days: 4 bullish, 0 bearish and 0 neutral.

    Will FDX go up?

    FedEx had different price predictions posted by market analysts in the last 30 days forecasting the target price to $341.00. That is a 22.55% than the last price ($278.26).