Score 7.4 (out of 10): FEDEX CORP sets up for -6.1 drop in 3 months

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What’s Going On Here?

FedEx is targeting to deliver 18–22% annualized TSR through fiscal 2025 based upon these balanced financial goals for fiscal 2025.

Why Now?

FEDEX CORP has triggered a new price range signal. During similar occasions, FEDEX CORP shares had a median return of -6.1%, over the following 3 months – based on 10 historical occasions with 8 of those showing negative returns (80%). This sell signal for FEDEX CORP received a high score of 7.4 (out of 10). This insight was generated on 2022-July-13 with last price of 216.13.

What’s This Company About?

FEDEX CORP is in the Transport-Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: FDX US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 202.85 (-6.1%) has been reached. Based on FEDEX CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 227.83 (last price at 216.13), which is equivalent to a 5.4% rally.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

-6.3% (November-2021), -11.7% (June-2021), -0.2% (December- 2020), -17.8% (December-2019), -9.7% (May-2019), -6% (March-2019), -22.7% (October-2018), 3.1% (June-2018), -5.2% (February-2018), 11% (November-2017).

Historical Chart:

Summary:

NameFEDEX CORP
ViewUp
Star (1 to 10)7.4
Target-6.1%
Time3 months
Hit Rate80%

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