Ford Motor stock price up 2.1% on TuesdayStockInvest.us, 6 months ago
The Ford Motor stock price gained 2.10% on the last trading day (Tuesday, 11th Jan 2022), rising from $23.85 to $24.35. During the day the stock fluctuated 4.60% from a day low at $23.28 to a day high of $24.35. The price has been going up and down for this period, and there has been a 17.29% gain for the last 2 weeks. Volume fell on the last day by -18 million shares and in total, 104 million shares were bought and sold for approximately $2.52 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Jan 04, 2022 "Evercore ISI" gave "$16.00 - $18.00" rating for F. The price target was set to $24.26+11.4%.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $24.79 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 38.76% during the next 3 months and, with a 90% probability hold a price between $29.23 and $34.40 at the end of this 3-month period.
The Ford Motor stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.83 and $20.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, January 06, 2022, and so far it has fallen -0.45%. Further fall is indicated until a new bottom pivot has been found.
Ford Motor finds support from accumulated volume at $24.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.07 between high and low, or 4.60%. For the last week, the stock has had a daily average volatility of 4.92%.
The Ford Motor stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ford Motor stock to perform well in the short-term.Check full Ford forecast and analysis here.