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Ford stock price fell more than -12.32% Tuesday closing at $13.09

StockInvest.us, 5 days ago

Ford

The Ford stock price fell by -12.32% on the last day (Tuesday, 20th Sep 2022) from $14.93 to $13.09. During the last trading day the stock fluctuated 9.38% from a day low at $13.01 to a day high of $14.23. The price has been going up and down for this period, and there has been a -12.91% loss for the last 2 weeks. Volume has increased on the last day by 148 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 196 million shares were bought and sold for approximately $2.56 billion.

The last rating was given by B of A Securities on Sep 09, 2022. The price target was changed from 32 to 28.Over the last 90 days, this security got 2 buy, 6 sell, and 0 hold ratings.

Given the current short-term trend, the stock is expected to rise 36.71% during the next 3 months and, with a 90% probability hold a price between $17.90 and $25.02 at the end of this 3-month period.

Ford

There are few to no technical positive signals at the moment. The Ford stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.65 and $15.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 16, 2022, and so far it has fallen -20.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

On the downside, the stock finds support just below today's level from accumulated volume at $11.56 and $11.20.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ford finds support just below today's level at $11.56. If this is broken, then the next support from accumulated volume will be at $11.20 and $11.06.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.22 (9.38%) between high and low. For the last week, the stock has had daily average volatility of 4.18%.

Ford is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

The Ford stock holds several negative signals and despite the positive trend, we believe Ford will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full Ford forecast and analysis here.