- Attractive free cash flow ratio of 11.3x
- Pays a regular dividend of $0.24 per share
- Established player in the Industrials sector
Forward Air Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session
(Updated on Jun 22, 2026)
The Forward Air Corporation stock price gained 0.661% on the last trading day (Monday, 22nd Jun 2026), rising from $13.62 to $13.71. During the last trading day the stock fluctuated 5.09% from a day low at $13.07 to a day high of $13.73. The price has risen in 9 of the last 10 days and is up by 32.34% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 1 million shares were bought and sold for approximately $16.55 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 lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.05% during the next 3 months and, with a 90% probability hold a price between $2.98 and $10.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
FWRD Signals & Forecast
The Forward Air Corporation 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 $13.45 and $11.73. 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 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. A sell signal was issued from a pivot top point on Tuesday, June 16, 2026, and so far it has fallen -0.436%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Forward Air Corporation stock
Forward Air Corporation finds support from accumulated volume at $13.62 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.665 between high and low, or 5.09%. For the last week, the stock has had daily average volatility of 6.05%.
Our recommended stop-loss: $13.29 (-3.03%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (FWRD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Forward Air Corporation to open at $13.50, and during the day (based on 14 day Average True Range), to move between $13.22 and $14.20, which gives a possible trading interval of +/-$0.99 (+/-7.49%) up or down from last closing price. If Forward Air Corporation takes out the full calculated possible swing range there will be an estimated 7.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.77 (0.44%) than the support at $13.62 (0.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Forward Air Corporation stock A Buy?
Forward Air Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold candidate.
Current score:
0.915
Hold/Accumulate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on June 23, 2026 - $13.50 ( 1.52%).
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FWRD Performance
Trading levels for FWRD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.17 | 3.33% |
| R2 | 13.91 | 1.48% |
| R1 | 13.76 | 0.333% |
| Price | 13.71 | |
| S1 | 13.25 | -3.37% |
| S2 | 13.09 | -4.52% |
| S3 | 12.84 | -6.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.03 | 24.22% |
| R2 | 16.22 | 18.31% |
| R1 | 13.77 | 0.438% |
| Price | 13.71 | |
| S1 | 13.62 | -0.656% |
| S2 | 13.33 | -2.77% |
| S3 | 10.46 | -23.71% |
FWRD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 24, 2023 | Nov 21, 2023 | Dec 07, 2023 | $0.240 | 0.377% |
| 2 | Jul 25, 2023 | Aug 16, 2023 | Sep 07, 2023 | $0.240 | 0.342% |
| 3 | Apr 28, 2023 | May 24, 2023 | Jun 13, 2023 | $0.240 | 0.235% |
| 4 | Feb 07, 2023 | Mar 01, 2023 | Mar 17, 2023 | $0.240 | 0.233% |
| 5 | Oct 22, 2022 | Nov 22, 2022 | Dec 08, 2022 | $0.240 | 0.223% |
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