FedEx Corporation is a global logistics and delivery services company. They provide a wide range of transportation, e-commerce, and business services, including express shipping, freight forwarding, and supply chain management solutions. FedEx is known for its extensive network and efficient delivery operations.

The technical analysis of FedEx Corporation indicates that the stock is currently building a base. This base formation suggests a period of consolidation and stability, where the stock price is finding support at a certain level.

However, it is important to note that the base needs more time to fully set up. This means that the stock requires further consolidation and price action before a potential breakout or significant movement can occur.

Investors should closely monitor the stock's performance and be patient while waiting for the base to fully develop. It is advisable to wait for clear signals and confirmation before making any significant trading decisions related to FedEx Corporation.