Key Takeaways
- FedEx shares dropped in prolonged buying and selling on Tuesday after the delivery big suspended its annual outlook and issued mild steering for the present quarter, which overshadowed quarterly outcomes that surpassed Wall Avenue expectations.
- The inventory seems set to interrupt down from an ascending triangle in Wednesday’s buying and selling session, doubtlessly signaling a continuation of the inventory’s longer-term downtrend.
- Buyers ought to monitor key help ranges on the FedEx chart round $214 and $194, whereas additionally watching necessary resistance ranges close to $233 and $254.
FedEx (FDX) shares dropped in prolonged buying and selling on Tuesday after the delivery big suspended its annual outlook and issued mild steering for the present quarter, which overshadowed quarterly outcomes that surpassed Wall Avenue expectations.
The corporate declined to problem full-year earnings and income forecasts, citing uncertainty over U.S. commerce insurance policies. Executives mentioned they anticipate the Trump administration’s resolution in April to finish duty-free therapy on low-value shipments from China to proceed weighing on air freight demand, with CEO Raj Subramaniam telling analysts on an earnings webcast that the worldwide demand atmosphere stays risky.
Heading into the corporate’s earnings report, FedEx shares had been down 18% up to now in 2025, pressured by uncertainty surrounding tariffs and a falloff in demand from industrial clients. The inventory dropped 6% to round $216 in after-hours buying and selling.
Under, we take a more in-depth take a look at the FedEx chart and apply technical evaluation to level out worth ranges value watching out for.
Ascending Triangle Breakdown
After bottoming out in early April, FedEx shares consolidated inside an ascending triangle, a chart sample that doubtlessly indicators a continuation of the inventory’s longer-tern downtrend upon a breakdown from the formation.
Certainly, the inventory seems set to open beneath the sample’s decrease trendline in Wednesday’s buying and selling session.
Let’s determine help and resistance ranges on the FedEx chart that buyers will probably be monitoring.
Key Help Ranges to Monitor
The primary decrease stage to watch sits round $214. The shares could encounter help on this space close to a number of peaks and troughs that fashioned inside the ascending triangle over current months.
A decisive breakdown beneath this key technical stage opens the door for a extra vital drop to the $194 stage. Buyers might search for entry factors at this location close to the inventory’s distinguished early-April low, eyeing a possible double backside.
It’s value noting this stage sits simply above a measured transfer draw back goal that calculates the depth of the ascending triangle and deducts that quantity from the sample’s decrease trendline.
Necessary Resistance Ranges to Watch
Throughout upswings within the inventory, it’s initially value watching the $233 stage. This space on the chart could present overhead promoting strain on a retest of the ascending triangle’s prime trendline.
Lastly, a convincing shut above this stage might ship FedEx shares towards $254. Buyers who’ve averaged into the inventory at decrease costs could resolve to lock in income on this area close to the downward sloping 200-day transferring common and a spread of corresponding buying and selling exercise on the chart stretching again to final September’s distinguished inventory hole.
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