Watch These FedEx Levels as Stock Tumbles After Shipping Giant Suspends Full-Year Outlook

FedEx (FDX) shares dropped in extended trading on Tuesday after the shipping giant suspended its annual outlook and issued light guidance for the current quarter, which overshadowed quarterly results that surpassed Wall Street expectations.

The company declined to issue full-year earnings and revenue forecasts, citing uncertainty over U.S. trade policies. Executives said they expect the Trump administration’s decision in April to end duty-free treatment on low-value shipments from China to continue weighing on air freight demand, with CEO Raj Subramaniam telling analysts on an earnings webcast that the global demand environment remains volatile.

Heading into the company’s earnings report, FedEx shares were down 18% so far in 2025, pressured by uncertainty surrounding tariffs and a falloff in demand from industrial customers. The stock dropped 6% to around $216 in after-hours trading.

Below, we take a closer look at the FedEx chart and apply technical analysis to point out price levels worth watching out for.

Ascending Triangle Breakdown

After bottoming out in early April, FedEx shares consolidated within an ascending triangle, a chart pattern that potentially signals a continuation of the stock’s longer-tern downtrend upon a breakdown from the formation.

Indeed, the stock looks set to open below the pattern’s lower trendline in Wednesday’s trading session.

Let’s identify support and resistance levels on the FedEx chart that investors will likely be monitoring.

Key Support Levels to Monitor

The first lower level to monitor sits around $214. The shares may encounter support in this area near several peaks and troughs that formed within the ascending triangle over recent months.

A decisive breakdown below this key technical level opens the door for a more significant drop to the $194 level. Investors could look for entry points at this location near the stock’s prominent early-April low, eyeing a potential double bottom.

It’s worth noting this level sits just above a measured move downside target that calculates the depth of the ascending triangle and deducts that amount from the pattern’s lower trendline.

Important Resistance Levels to Watch

During upswings in the stock, it’s initially worth watching the $233 level. This area on the chart may provide overhead selling pressure on a retest of the ascending triangle’s top trendline.

Finally, a convincing close above this level could send FedEx shares toward $254. Investors who have averaged into the stock at lower prices may decide to lock in profits in this region near the downward sloping 200-day moving average and a range of corresponding trading activity on the chart stretching back to last September’s prominent stock gap.

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As of the date this article was written, the author does not own any of the above securities.