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.
FDX sees its Stochastic Oscillator ascends from oversold territory
On September 21, 2023, the Stochastic Oscillator for FDX moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 51 instances where the indicator left the oversold zone. In of the 51 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 21, 2023. You may want to consider a long position or call options on FDX as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
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 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 21, 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 (2.474) is normal, around the industry mean (17.408). P/E Ratio (15.949) is within average values for comparable stocks, (23.148). Projected Growth (PEG Ratio) (1.122) is also within normal values, averaging (10.357). Dividend Yield (0.019) settles around the average of (0.043) among similar stocks. P/S Ratio (0.749) is also within normal values, averaging (1.171).
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 that the returns do not compensate for the risks. FDX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock 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% | -0.29% | ||
| UPS - FDX | 64% Loosely correlated | -1.06% | ||
| XPO - FDX | 63% Loosely correlated | +1.08% | ||
| EXPD - FDX | 57% Loosely correlated | +0.81% | ||
| HUBG - FDX | 53% Loosely correlated | -0.70% | ||
| CHRW - FDX | 51% Loosely correlated | -0.95% | ||
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