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Strong day for Ford Motor stock price on Wednesday rising 8.51% to $13.90

StockInvest.us, 4 months ago

Ford Motor

The Ford Motor stock price gained 8.51% on the last trading day (Wednesday, 26th May 2021), rising from $12.81 to $13.90. During the day the stock fluctuated 6.49% from a day low at $13.10 to a day high of $13.95. The price has risen in 6 of the last 10 days and is up by 22.68% 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, 111 million more shares were traded than the day before. In total, 223 million shares were bought and sold for approximately $3.09 billion.

Tudor Pickering is very positive about F and gave it a "Buy" rating on May 24, 2021. The price target was set to $17.00.Over the last 30 days, this security got 3 buy, 0 sell, and 0 hold ratings.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $12.99, a level that may pose a second chance to hit a runner. According to fan-theory $14.85 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Ford Motor

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 $12.83 and $12.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 29, 2021, and so far it has risen 23.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Ford Motor finds support from accumulated volume at $13.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.85 between high and low, or 6.49%. For the last week, the stock has had a daily average volatility of 5.06%.

Ford Motor holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Check full Ford Motor forecast and analysis here.