Sign In
The Ford Motor stock price gained 1.47% on the last trading day (Friday, 31st Dec 2021), rising from $20.47 to $20.77. During the day the stock fluctuated 2.69% from a day low at $20.46 to a day high of $21.01. The price has been going up and down for this period, and there has been a 2.06% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 51 million shares were bought and sold for approximately $1.07 billion.
On Dec 30, 2021 "Citigroup" gave "$20.00 - $23.00" rating for F. The price target was set to $20.82+1.3%.
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 38.32% during the next 3 months and, with a 90% probability hold a price between $27.82 and $31.65 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 $20.54 and $19.98. 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 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. A sell signal was issued from a pivot top point on Friday, December 10, 2021, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found.
On the downside, the stock finds support just below today's level from accumulated volume at $19.42 and $19.36.There is 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 Motor finds support just below today's level at $19.42. If this is broken, then the next support from accumulated volume will be at $19.36 and $16.86.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.55 between high and low, or 2.69%. For the last week, the stock has had a daily average volatility of 2.57%.
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.