Overall FWDI gets a technical rating of 3 out of 10. In the last year, FWDI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of FWDI is bad and it also does not present a quality setup 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
6.96
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.04 to 7.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 FWDI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWDI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | FWDI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FWDI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 37.23 | NEUTRAL | The RSI value for FWDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests FWDI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.37 | OVERSOLD | The low Stochastics value suggests FWDI may be oversold. |
| Average True Range in percent/ATR (20) | 8.89 | HIGH VOLATILITY | The high ATR as a percentage value for FWDI suggests high volalility. |
| Average Directional Index/ADX (14) | 11.88 | NEGATIVE | The low ADX value for FWDI suggests a weak or negative trend. |
7.03
+0.09 (+1.3%)
FORWARD INDUSTRIES INC / FWDI FAQ
What is the technical rating for FWDI stock?
ChartMill assigns a technical rating of 3 / 10 to FWDI.
Can you provide the trend direction for FORWARD INDUSTRIES INC?
The current trend direction for FORWARD INDUSTRIES INC (FWDI) is Bullish.
Can you provide the RSI signal for FORWARD INDUSTRIES INC?
FORWARD INDUSTRIES INC (FWDI) has an RSI value of 37.2281. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORWARD INDUSTRIES INC?
The MACD indicator for FORWARD INDUSTRIES INC (FWDI) has a value of -0.356382, indicating a bearish trend.
What is the short term momentum for FWDI stock?
The short term momentum for FORWARD INDUSTRIES INC (FWDI) is positive.