Watch These FedEx Price Levels as Stock Slides After Logistics Giant Cuts Outlook | Global News Avenue

FedEx (FDX) Stocks were lower after the logistics giant on Friday Trim year-round outlook Amid soft demand and uncertainty on the potential impact of the Trump administration tariff in the industrial sector.

During the shipper’s period Income callCEO Raj Subramaniam said demand weakness continues to be put under pressure at higher pressure Business-to-business The quantity increases the company’s freight business compression results in less and lower weight. In December, transportation leader announced plans Demolition of freight department.

FedEx shares have fallen 12% since the beginning of Thursday’s closing year, and stocks have fallen 5% over the past 12 months, partly due to concerns competition for market share Joint parcel service with competitors (ups) may cause Price War In the context of economic uncertainty.

Below, we have carefully studied FedEx’s Weekly chart And use Technical Analysis Determine the main price levels that are worth a look now.

Rising channel failure

FedEx stock fell below the lower trend line below 18 months Upgrade channel In early February, prices continued trend Lower than the company’s earnings report.

Recently, sales of stocks have slowed around the closely watched 200-week moving average, although Relative Strength Index (RSI) Continue to indicate weaker price momentum, reading below 50 thresholds.

Let’s identify a few majors Support and resist Levels on FedEx charts may be monitoring investors.

Mainly support level to monitor

The first lower level of surveillance is around $223. These stocks can be supported near the trendline in the field that links the famous valley in October 2021 with March 2022 Counter-trend Gaohe May 2023 Pull back Low.

The Bulls cannot defend this important level, opens a door psychology $200 level. Bargaining hunters may look for Entrance point In the area near May 2022 Swing low.

Key resistance levels to be watched

During a stock rise, investors should initially watch the $267 level. Currently, the area is currently below the lower trendline of the upward channel and the 50-week moving average, which may provide overhead resistance near A. Horizontal line A series of links Price action Extend to January 2022 on the chart Swivel high.

A bigger recovery effort could allow FedEx stock to revisit the $300 level. Investors who buy stocks at lower prices may look for Make a profit Opportunities in this location are close to a series peak This is formed on the chart between late 2020 and November.

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