FORWARD INDUSTRIES INC (FORD) Technical Analysis
NASDAQ:FORD • US3498624093
Current stock price
FORD Technical Rating and Analysis
Taking everything into account, FORD scores 4 out of 10 in our technical rating. Although FORD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- FORD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month FORD has a been trading in the 8.56 - 22.97 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- FORD is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 78% of 124 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that FORD is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, FORD also shows a nice and consistent pattern of rising prices. However, we also see that FORD couldn't keep up this performance in the last couple of months.
FORD Weekly and Daily overview Charts
FORD Setup Rating and Analysis
FORD has an average technical rating and also 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.
More info and screens
FORD Support and Resistance Analysis
3.47
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.92 to 9.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.67 from a trend line in the daily time frame.
- Support @3.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @11.61 from a trend line in the daily time frame.
FORD 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 | DOWN | NEGATIVE | The long term trend for FORD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FORD is down. |
| ChartMill Relative Strength | 93.97 | POSITIVE | FORD has a high relative strength, it outperformed 93.97% 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) | DOWN | NEGATIVE | The current price of FORD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FORD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.29 | OVERSOLD | The low RSI value suggests FORD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests FORD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.41 | OVERSOLD | The low Stochastics value suggests FORD may be oversold. |
| Average True Range in percent/ATR (20) | 18.44 | HIGH VOLATILITY | The high ATR as a percentage value for FORD suggests high volalility. |
| Average Directional Index/ADX (14) | 33.19 | POSITIVE | The high ADX value value for FORD suggests a strong trend. |
FORD Chart- and CandleStick Pattern Analysis
FORD Technicals: Chart, Performance Metrics, Trend & Indicators
9.12
+0.19 (+2.13%)
FORWARD INDUSTRIES INC / FORD TA FAQ
What is the technical rating for FORD stock?
ChartMill assigns a technical rating of 4 / 10 to FORD.
Can you provide the trend direction for FORWARD INDUSTRIES INC?
The current trend direction for FORWARD INDUSTRIES INC (FORD) is Bearish.
What is the RSI signal for FORD stock?
FORWARD INDUSTRIES INC (FORD) has an RSI value of 28.2876. This indicates that the stock is currently oversold.
What is the MACD signal for FORD stock?
The MACD indicator for FORWARD INDUSTRIES INC (FORD) has a value of -0.190637, indicating a bearish trend.
Can you provide the support and resistance levels for FORWARD INDUSTRIES INC?
FORWARD INDUSTRIES INC (FORD) has a support level at 9.11 and a resistance level at 11.61. Check the full technical report for our detailed analysis of FORD support and resistance levels.