As FedEx Plunges, Let’s Take a Look at a Truly Global Shipping Giant

A.P. Moller-Maersk (AMKBY), the Danish integrated transport and logistics company, is probably the largest shipping company in the world and offers container ships, supply ships, special ships, terminals.

Let’s see the graphs.

In this daily bar chart of AP Moller-Maersk shares traded in Denmark, below, we can see that prices have collapsed from a major high earlier this month when prices fell below 16,000. Trading volume has increased this month, telling us that traders are voting with their feet.

The On-Balance-Volume (OBV) line has been down sharply since March. The MACD (Moving Average Convergence Divergence) oscillator is bearish.

In AP Moller’s weekly bar chart below, we can see a major trend playing out over several months. A neckline at 16,000 was broken. The 40-week moving average line has a negative slope.

The weekly OBV line breaks a three-year uptrend. The MACD oscillator is bearish.

In this weekly dot-and-digit chart of AP Moller listed on the OTC market under the symbol in the United States under the symbol (AMBKY), the price levels are different but the upper pattern is the same. A significant downside price is predicted – $6.31 lower than $10.43 – a significant percentage drop.

Background strategy: In the coming weeks, when you pass a major port, you will probably see more and more containers with Maersk painted on the side but inactive instead of on a container ship.

Avoid the long side of this global shipper and treat it like a canary in a coal mine.

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