FedEx Corp.(FDX) Earnings Forecast: Upward Trend Indicates Promising Outlook
On Thursday, June 20, 2023, FedEx Corp. (NYSE: FDX) released its earnings forecast, highlighting the company's strong momentum and growth potential. The stock's upward trend, signified by its price rising above the 50-day moving average on June 13, 2023, has raised optimism among investors and analysts, solidifying the promising outlook for the corporation's performance.
Historically, the stock's upward swing over its 50-day moving average has marked a significant shift from a downward trend to an upward one. This is often a positive sign, indicating that a stock is gaining momentum and might be gearing up for a period of sustained growth. This recent movement for FDX is no exception, as it signals a potentially prolonged bullish trend for the global courier giant.
Drawing from historical data, the chance of FDX's current uptrend continuing is at a significant 73%. An analysis of 40 similar instances in the past showed that in 29 of those, the stock price saw further increases within the following month after crossing above its 50-day moving average. The trend hence indicates that FedEx Corp. stands a solid chance of experiencing further stock growth.
The stock's upward trend has been buoyed by positive indicators in the company's performance and the overall logistics sector. FedEx Corp., a bellwether for global economic health, is well-poised to capitalize on the surge in e-commerce, driven by changes in consumer behavior and the increased digitalization of retail. The company's continuous focus on network development and expansion plans has been integral to its ability to meet the elevated demand.
While forecasting the exact future stock price is an intricate task that considers numerous variables, historical trends and data offer a practical basis for predicting general trajectories. As such, it's crucial for potential investors and stakeholders to monitor these trends closely, especially in a vibrant and volatile market.
The shift in FDX's trend is indeed an optimistic sign, yet investors should maintain a balanced approach and make decisions based on a broad set of information, including company performance, market conditions, and other economic indicators. As always, the standard advice is to not rely solely on one technical analysis indicator, but rather to use it in conjunction with others and alongside fundamentals-based analysis.
Overall, FedEx Corp's earnings forecast is indicative of a promising future. However, the market's complexities demand a comprehensive and well-informed strategy, thereby highlighting the importance of nuanced, holistic decision-making for investors.
In the meantime, all eyes will be on FedEx Corp., as the world waits to see whether the company can indeed sustain the predicted upward trend, cementing its position as a robust player in the global logistics arena.
Momentum Indicator for FDX turns positive, indicating new upward trend
FDX saw its Momentum Indicator move above the 0 level on September 21, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned positive. In of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for FDX just turned positive on September 21, 2023. Looking at past instances where FDX's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
FDX moved above its 50-day moving average on September 21, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDX advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for FDX crossed bearishly below the 50-day moving average on September 06, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FDX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FDX broke above its upper Bollinger Band on September 25, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FDX entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. FDX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.489) is normal, around the industry mean (17.397). P/E Ratio (16.026) is within average values for comparable stocks, (23.066). Projected Growth (PEG Ratio) (1.092) is also within normal values, averaging (10.352). Dividend Yield (0.018) settles around the average of (0.043) among similar stocks. P/S Ratio (0.753) is also within normal values, averaging (1.154).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock slightly better than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
provider of a broad portfolio of transportation, e-commerce and business services under the FedEx brand
Industry AirFreightCouriers
FDX and
Correlation & Price change
A.I.dvisor indicates that over the last year, FDX has been loosely correlated with UPS. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if FDX jumps, then UPS could also see price increases.
| Ticker / NAME | Correlation To FDX | 1D Price Change % | ||
|---|---|---|---|---|
| FDX | 100% | +1.42% | ||
| UPS - FDX | 64% Loosely correlated | +2.03% | ||
| XPO - FDX | 63% Loosely correlated | +6.64% | ||
| EXPD - FDX | 57% Loosely correlated | +0.65% | ||
| HUBG - FDX | 53% Loosely correlated | +0.88% | ||
| LSTR - FDX | 51% Loosely correlated | -0.13% | ||
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