FORWARD INDUSTRIES INC (FORD) Stock Technical Analysis
USA - NASDAQ:FORD - US3498624093 - Common Stock
Overall FORD gets a technical rating of 4 out of 10. 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.
FORD has an average technical rating and the quality of the presented setup is also not ideal 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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3.47
We found 3 important support 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.
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 | 93.75 | POSITIVE | FORD has a high relative strength, it outperformed 93.75% 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. |
9.12
+0.19 (+2.13%)
FORWARD INDUSTRIES INC / FORD FAQ
What is the technical rating for FORD stock?
ChartMill assigns a technical rating of 4 / 10 to FORD.
What is the trend direction for FORD stock?
The current trend direction for FORWARD INDUSTRIES INC (FORD) is Bearish.
Can you provide the RSI signal for FORWARD INDUSTRIES INC?
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 short term momentum for FORWARD INDUSTRIES INC?
The short term momentum for FORWARD INDUSTRIES INC (FORD) is negative.