Taking everything into account, FWDI scores 1 out of 10 in our technical rating. 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.
- 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 part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, of which 94% are performing better than FWDI.
- In the last month FWDI has a been trading in the 4.53 - 8.82 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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
5.18
When analyzing the resistance we notice one important area.
- Resistance @8.90 from a horizontal 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 | UP | POSITIVE | The long term trend for FWDI is up. |
| 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) | 34.14 | NEUTRAL | The RSI value for FWDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests FWDI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.69 | OVERSOLD | The low Stochastics value suggests FWDI may be oversold. |
| Average True Range in percent/ATR (20) | 11.85 | HIGH VOLATILITY | The high ATR as a percentage value for FWDI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.44 | POSITIVE | The high ADX value value for FWDI suggests a strong trend. |
5.23
+0.66 (+14.44%)
FORWARD INDUSTRIES INC / FWDI FAQ
What is the technical rating for FWDI stock?
ChartMill assigns a technical rating of 1 / 10 to FWDI.
What is the current trend direction of FORWARD INDUSTRIES INC (FWDI) stock?
The current trend direction for FORWARD INDUSTRIES INC (FWDI) is Bullish.
What is the RSI signal for FORWARD INDUSTRIES INC (FWDI) stock?
FORWARD INDUSTRIES INC (FWDI) has an RSI value of 34.1397. This indicates that the stock is currently neutral.
What is the buy/sell signal for FORWARD INDUSTRIES INC (FWDI) stock?
The buy/sell signal for FORWARD INDUSTRIES INC (FWDI) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for FORWARD INDUSTRIES INC (FWDI) stock?
FORWARD INDUSTRIES INC (FWDI) has a resistance level at 8.9. Check the full technical report for our detailed analysis of FWDI support and resistance levels.