FDX Weekly Options Trade Plan 2025-06-24

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FDX Weekly Analysis Summary (2025-06-24)

Comprehensive Analysis of FDX Weekly Options Trade

1. Technical Analysis Synthesis

Current Price: $229.23

5-Minute Chart Indicators:

Price is above the 10-period EMA ($228.69), 50-period EMA ($227.71), and 200-period EMA ($226.30)—indicating short-term bullish momentum. RSI: Currently at 70.11 (overbought). Bollinger Bands: Price at the upper band ($229.06), suggesting resistance and near-term exhaustion. MACD: Negative histogram indicates a potential bearish crossover. Daily Chart Indicators:

Price above the 10-period EMA ($223.58) signifies a bullish long-term trend. RSI: Reading of 65.05 shows bullish sentiment, nearing overbought territory. Supports at $220.68 and $214.72; resistances at $232.50 and $236.88.

Summary: The technical bias leans bullish long-term but short-term indicators suggest overbought conditions, leading to a potential correction.

2. Market Sentiment Integration