FORWARD INDUSTRIES INC/NEW (FWDI) Technical Analysis
NASDAQ:FWDI • US3499321038
Current stock price
FWDI Technical Rating and Analysis
Taking everything into account, FWDI scores 0 out of 10 in our technical rating. FWDI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, FWDI is a bad performer in the overall market: 100% of all stocks are doing better.
- FWDI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 93% of 124 stocks in the same industry do better.
- In the last month FWDI has a been trading in the 4.12 - 5.75 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Considerably lower volume is observed in the last couple of days.
FWDI Weekly and Daily overview Charts
FWDI Setup Rating and Analysis
FWDI has a poor technical rating and the quality of the setup is also 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
FWDI Support and Resistance Analysis
4.19
When analyzing the support we notice one important area.
- Support @4.23 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @4.48 from a horizontal line in the daily time frame.
- Resistance @8.90 from a horizontal line in the daily time frame.
FWDI 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 | NEUTRAL | NEUTRAL | The long term trend for FWDI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FWDI is down. |
| 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). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FWDI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.98 | NEUTRAL | The RSI value for FWDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FWDI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.45 | NEUTRAL | The Stochastics value for FWDI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for FWDI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for FWDI suggests a weak or negative trend. |
FWDI Chart- and CandleStick Pattern Analysis
FWDI Technicals: Chart, Performance Metrics, Trend & Indicators
4.48
+0.21 (+4.92%)
FORWARD INDUSTRIES INC/NEW / FWDI TA FAQ
What is the technical rating for FWDI stock?
ChartMill assigns a technical rating of 0 / 10 to FWDI.
What is the current trend direction of FORWARD INDUSTRIES INC/NEW (FWDI) stock?
The current trend direction for FORWARD INDUSTRIES INC/NEW (FWDI) is Bearish.
What is the RSI signal for FWDI stock?
FORWARD INDUSTRIES INC/NEW (FWDI) has an RSI value of 44.98. This indicates that the stock is currently neutral.
What is the short term momentum for FWDI stock?
The short term momentum for FORWARD INDUSTRIES INC/NEW (FWDI) is negative.