Unveiling Tickeron's Automated Strategy: FDX Surges +4.62% in Recent Week
One such tool gaining popularity is the AI trading robot "Swing trader: Volatility Balanced Strategy v.2 (TA)." In the previous week, this robot proved its mettle by generating a remarkable +4.62% gain while trading FDX (FedEx Corporation). In this article, we will delve deeper into FDX's recent price movements and analyze its earnings results to provide insights into its potential future trajectory.
FDX's Price Movement and Trend Analysis:
On June 13, 2023, FDX moved above its 50-day moving average, signaling a shift from a downward trend to an upward trend. Historical data indicates that in 29 out of 40 similar instances, the stock price continued to increase further within the following month. This statistical evidence suggests that there is a 73% chance of FDX's upward trend persisting in the near future, based on past patterns.
Earnings Report Overview:
The latest earnings report for FDX was released on March 16 and revealed earnings per share (EPS) of $3.41, surpassing the estimated value of $2.76. This positive surprise indicates that the company performed better than expected during the reporting period, which can be an encouraging sign for investors.
Market Capitalization:
With 3.21 million shares outstanding, FDX currently boasts a market capitalization of $58.68 billion. Market capitalization is a crucial metric that reflects the overall value of a company in the stock market. FDX's substantial market capitalization suggests that it is a significant player in the industry and may have the potential for further growth.
Implications for Investors:
The recent earnings report's positive surprise is a promising sign for investors, indicating that FDX's financial performance exceeded expectations. This can enhance investor confidence and attract potential buyers to the stock. Moreover, the upward trend in FDX's stock price, coupled with historical patterns, suggests a likelihood of continued growth in the near future.
FDX's recent price movements and earnings results paint an optimistic picture for the company. The Swing trader: Volatility Balanced Strategy v.2 (TA) AI trading robot successfully capitalized on FDX's upward trend, generating significant gains. The positive earnings surprise and historical trend analysis further support the notion of a potential continued upward trajectory for FDX.
Momentum Indicator for FDX turns positive, indicating new upward trend
FDX saw its Momentum Indicator move above the 0 level on October 16, 2024. 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 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FDX's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FDX just turned positive on October 11, 2024. Looking at past instances where FDX's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDX advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where FDX's Stochastic Oscillator exited the overbought zone, the price fell further within 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 .
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 72, placing this stock slightly better than average.
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 (2.614) is normal, around the industry mean (20.237). P/E Ratio (16.164) is within average values for comparable stocks, (22.262). Projected Growth (PEG Ratio) (1.011) is also within normal values, averaging (10.503). Dividend Yield (0.018) settles around the average of (0.037) among similar stocks. P/S Ratio (0.807) is also within normal values, averaging (1.287).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FDX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to average 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.
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General Information
provider of a broad portfolio of transportation, e-commerce and business services under the FedEx brand
Industry AirFreightCouriers