Ford Motor Company 6% Notes Due Stock Forecast
Red day on Friday for Ford Motor Company 6% Notes Due stock after losing 1.01%
(Updated on Jun 28, 2024)
The Ford Motor Company 6% Notes Due stock price fell by -1.01% on the last day (Friday, 28th Jun 2024) from $23.74 to $23.50. During the last trading day the stock fluctuated 1.28% from a day low at $23.49 to a day high of $23.79. The price has fallen in 7 of the last 10 days and is down by -0.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 19 thousand shares were bought and sold for approximately $438.28 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $23.38 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ford Motor Company 6% Notes Due stock with a 90% probability to be traded between $23.71 and $24.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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F-PC Signals & Forecast
There are few to no technical positive signals at the moment. The Ford Motor Company 6% Notes Due stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.71 and $23.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -1.34%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ford Motor Company 6% Notes Due stock
Ford Motor Company 6% Notes Due finds support from accumulated volume at $23.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.300 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 0.87%
Our recommended stop-loss: $22.48 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (F-PC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ford Motor Company 6% Notes Due to open at $23.59, and during the day (based on 14 day Average True Range), to move between $23.25 and $23.75, which gives a possible trading interval of +/-$0.248 (+/-1.05%) up or down from last closing price. If Ford Motor Company 6% Notes Due takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.40 (0.45%) than the resistance at $23.64 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ford Motor Company 6% Notes Due stock A Buy?
Ford Motor Company 6% Notes Due holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.805 Hold/Accumulate Unchanged
Predicted Opening Price for Ford Motor Company 6% Notes Due of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.59 ( 0.397%) | $23.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for F-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.89 | 1.67% |
| R2 | 23.78 | 1.19% |
| R1 | 23.71 | 0.88% |
| Price | 23.50 | |
| S1 | 23.48 | -0.0905% |
| S2 | 23.41 | -0.392% |
| S3 | 23.29 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.76 | 1.11% |
| R2 | 23.74 | 1.02% |
| R1 | 23.64 | 0.596% |
| Price | 23.50 | |
| S1 | 23.40 | -0.447% |
| S2 | 23.35 | -0.638% |
| S3 | 23.33 | -0.723% |
FAQ
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