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The Ford Motor stock price gained 5.62% on the last trading day (Monday, 22nd Nov 2021), rising from $19.39 to $20.48. During the day the stock fluctuated 7.69% from a day low at $19.31 to a day high of $20.79. The price has fallen in 6 of the last 10 days, but is still up by 1.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 million more shares were traded than the day before. In total, 137 million shares were bought and sold for approximately $2.81 billion.
On Nov 11, 2021 "Morgan Stanley" gave "$11.00 - $12.00" rating for F. The price target was set to $19.50+0.7%.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 61.43% during the next 3 months and, with a 90% probability hold a price between $28.74 and $34.58 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 $19.79 and $17.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 10, 2021, and so far it has risen 5.79%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Ford Motor finds support from accumulated volume at $20.12 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 $1.49 between high and low, or 7.69%. For the last week, the stock has had a daily average volatility of 4.04%.
Ford Motor holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Check full Ford forecast and analysis here.