Ford Stock Forecast
Weaker technical forecast for Ford as stock downgraded to Sell Candidate.
(Updated on May 24, 2024)
The Ford stock price gained 0.413% on the last trading day (Friday, 24th May 2024), rising from $12.11 to $12.16. During the last trading day the stock fluctuated 1.91% from a day low at $12.04 to a day high of $12.27. The price has risen in 5 of the last 10 days and is up by 1.42% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 39 million shares were bought and sold for approximately $470.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide 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 $11.95 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ford stock with a 90% probability to be traded between $11.76 and $13.31 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 Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $12.18 and $12.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, May 10, 2024 and based on theory for this formation the price should go up by 11.20% to $13.52 within 17 trading days since signal was issued (Tuesday, May 28, 2024).
Support, Risk & Stop-loss for Ford stock
Ford finds support from accumulated volume at $12.15 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.230 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (F) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Ford Motor to open at $12.16, and during the day (based on 14 day Average True Range), to move between $11.88 and $12.44, which gives a possible trading interval of +/-$0.283 (+/-2.33%) up or down from last closing price. If Ford Motor takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.15 (0.08%) than the resistance at $12.44 (2.30%), 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 stock A Buy?
Ford holds several negative signals and is within a wide and falling trend, so we believe 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.
Current score: -1.229 Sell Candidate Downgraded
Predicted Opening Price for Ford Motor of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $12.16 ( 0.0274%) | $12.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.39 | 1.86 % | |
| R2 | 12.30 | 1.14 % | ||
| R1 | 12.24 | 0.695 % | ||
| Current price: | 12.16 | |||
| Support | S1 | 12.07 | -0.750 % | |
| S2 | 12.01 | -1.20 % | ||
| S3 | 11.93 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.28 | 9.21 % | |
| R2 | 13.04 | 7.24 % | ||
| R1 | 12.44 | 2.30 % | ||
| Current price | 12.16 | |||
| Support | S1 | 12.15 | -0.0822% | |
| S2 | 12.11 | -0.411% | ||
| S3 | 12.06 | -0.82% |
F Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 07, 2024 | Jun 03, 2024 | $0.150 | 1.23% |
| 2 | Feb 06, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.330 | 2.65% |
| 3 | Oct 17, 2023 | Nov 01, 2023 | Dec 01, 2023 | $0.150 | 1.42% |
| 4 | Oct 17, 2023 | Oct 31, 2023 | Dec 01, 2023 | $0.150 | 1.42% |
| 5 | Jul 13, 2023 | Jul 24, 2023 | Sep 01, 2023 | $0.150 | 1.24% |
FAQ
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