FedEx Corp

FDX remains in a Stage 4 decline with sequential lower highs and lower lows evident below the short- and intermediate-term EMAs. Medium-term bias is bearish, permitting only sell-side engagement. Short-term timing is neutral, suggesting deferred execution and looking to trim into rallies toward the 9, 21, and 50 EMA cluster. The long-term uptrend remains structurally intact, but the current decay under multiple EMAs argues for defensive sell-side activity.

• ↑Q4 FY26 revenue rose 8% to $93.5B; adjusted EPS up 16% to $20.24.
• ↑High-margin B2B services drove ~50% of revenue growth, with volume and yield rising quarterly.
• ↓Global trade policy changes forecast a $1B revenue headwind, pressuring international lanes.