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Asset Summary

Daily Performance Report for FDX ETF: Nov 8, 2024

Summary: The day started with FDX ETF opening at $284 and closing at $286.55. The ETF showed resilience throughout the day, with the highest price observed at $289.1 and the lowest at $282.86. The underlying asset had a trading range of $6.24 Overall, it was a positive trading day for FDX ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $2.55 or 0.90% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for FDX ETF was 1,715,910 units during Nov 8, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $284.

Highest Price: The highest price observed during the day was $289.1.

Lowest Price: The lowest price observed during the day was $282.86.

Closing Price: The day ended at $286.55.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

FedEx provides a variety of services, including overnight shipping, freight transportation, logistics solutions, and e-commerce support.

You can invest in FDX stock through a brokerage account or consult with a financial advisor.

FedEx offers customer support through various channels, including online tracking, customer service hotlines, and resources for businesses.

Yes, FedEx has a history of paying dividends to its shareholders, which is reviewed regularly by the board.

FedEx is committed to sustainability through initiatives such as reducing emissions, utilizing alternative fuels, and improving operational efficiency.

Factors include fuel prices, economic conditions, shipping volumes, and FedEx’s operational performance.

FedEx employs advanced logistics technology, a vast network of hubs and vehicles, and rigorous tracking systems to ensure timely deliveries.

FedEx invests in technologies such as automation, AI, and data analytics to improve its logistics and shipping processes.

The outlook depends on market conditions, shipping demand, and FedEx’s financial performance.

You can follow FedEx’s press releases, financial news websites, and their quarterly earnings reports for updates.

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Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

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