Weaker technical forecast for Ford Motor as stock downgraded to Sell Candidate.StockInvest.us, 3 months ago
The Ford Motor stock price gained 3.89% on the last trading day (Monday, 31st Jan 2022), rising from $19.54 to $20.30. During the day the stock fluctuated 4.96% from a day low at $19.37 to a day high of $20.33. The price has fallen in 9 of the last 10 days and is down by -19.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 90 million shares were bought and sold for approximately $1.83 billion.
On Jan 20, 2022 "Jefferies Financial Group" gave "$20.00 - $25.00" rating for F. The price target was changed from $22.25 to 0.9%.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.60 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 16.14% during the next 3 months and, with a 90% probability hold a price between $22.76 and $29.93 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Friday, January 28, 2022, and so far it has risen 3.89%. 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. The Ford Motor stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $21.58. On a fall, the stock will find some support from the short-term average at $20.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Ford Motor finds support from accumulated volume at $19.55 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 $0.96 between high and low, or 4.96%. For the last week, the stock has had a daily average volatility of 5.20%.
Ford Motor holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.Check full Ford Motor forecast and analysis here.