FedEx $270, Chewy $31, Affirm $48.50: Key Investor Charts to Watch in 2025

Stay informed on pivotal technical indicators for FDX, CHWY, and AFRM stocks.

Highlights for Investors

• FedEx shares may find crucial support near the $270 horizontal level or along an uptrend line close to $250.
• Chewy has broken above its November peak but faces potential resistance near a trendline around $31.
• Affirm could encounter significant resistance at $48.50, aligned with a horizontal trendline dating back to mid-2021.

In today's analysis, we dive into three notable charts reflecting price reactions to recent news, identifying key technical points to watch.

FedEx Corporation (FDX)

FedEx shares dropped 11% pre-market following a downward revision in sales guidance due to softer customer demand. The fiscal Q2 report revealed expectations for a low single-digit revenue decline for the full year, a shift from previous forecasts of flat sales. Despite this, operating income is projected to improve thanks to cost-cutting efforts amid challenging macroeconomic conditions.

Since hitting a low in Q3 2022, FDX has generally trended upwards, except for a notable pullback to the 200-day moving average in October. Investors should watch the $270 horizontal support and the upward trendline near $250 as potential buying zones if selling pressure continues.

Chewy, Inc. (CHWY)

Chewy surged 9.2% following a Jefferies upgrade highlighting promising growth, margin potential, and opportunities in pet health and proprietary brands. The firm noted resilience among Chewy’s affluent customer base amid inflationary pressures, setting a $27 price target implying 14% upside from recent close.

Throughout 2023, Chewy mostly trended downward aside from a summer rally to the 200-day moving average. Since late November, volume has picked up significantly, fueling a breakout above last month’s swing high. Investors should monitor resistance near $31, where a long-term horizontal trendline from September 2022 may cap gains.

Affirm Holdings, Inc. (AFRM)

Affirm shares jumped over 15% after expanding its Walmart partnership, rolling out monthly pay-over-time options at 4,500+ U.S. Walmart stores, including vision and auto centers. This announcement followed a Morgan Stanley downgrade due to valuation concerns, though AFRM has rallied over 400% year-to-date.

The stock has maintained an upward trend since the golden cross formation in early July, supported by above-average volume signaling strong institutional interest. Investors should watch the $48.50 resistance level, a key horizontal line extending from mid-2021, for potential price reaction.

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The author holds no positions in the securities discussed as of this article's publication.

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