FORD Technical Analysis - FORWARD INDUSTRIES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to FORD. In the last year, FORD was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month FORD has a been trading in the 20.22 - 43.50 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the yearly performance of all stocks, we notice that FORD is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, FORD also shows a nice and consistent pattern of rising prices.

FORD is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 98% of 124 stocks in the same industry.

FORD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FORD is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FORWARD INDUSTRIES INC / FORD Weekly stock chart

FORWARD INDUSTRIES INC / FORD Daily stock chart

Setup Rating and Analysis

FORD has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.91

24.84

When analyzing the support we notice one important area.

Support @14.05 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 24.21 to 24.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for FORD is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FORD is neutral.
ChartMill Relative Strength	99.24	POSITIVE	FORD has a high relative strength, it outperformed 99.24% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FORD is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FORD is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FORD is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.86	NEUTRAL	The RSI value for FORD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.11	NEGATIVE	The MACD value suggests FORD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.37	OVERSOLD	The low Stochastics value suggests FORD may be oversold.
Average True Range in percent/ATR (20)	15.06	HIGH VOLATILITY	The high ATR as a percentage value for FORD suggests high volalility.
Average Directional Index/ADX (14)	29.06	POSITIVE	The high ADX value value for FORD suggests a strong trend.