FORWARD INDUSTRIES INC (FWDI) Technical Analysis
NASDAQ:FWDI • US3498624093
Taking everything into account, FWDI scores 2 out of 10 in our technical rating. FWDI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than FWDI.
- FWDI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 92% of 124 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- In the last month FWDI has a been trading in the 4.03 - 5.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of FWDI is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.07
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 | NEUTRAL | NEUTRAL | The short term trend for FWDI is neutral. |
| 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 | MIXED | The current price of FWDI is above 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) | 48.77 | NEUTRAL | The RSI value for FWDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests FWDI has a positive trend. |
| Stochastics (14,3) | 50.45 | NEUTRAL | The Stochastics value for FWDI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.44 | HIGH VOLATILITY | The high ATR as a percentage value for FWDI suggests high volalility. |
| Average Directional Index/ADX (14) | 32.21 | POSITIVE | The high ADX value value for FWDI suggests a strong trend. |
FWDI Technicals: Chart, Performance Metrics, Trend & Indicators
5.12
+0.75 (+17.16%)
FORWARD INDUSTRIES INC / FWDI FAQ
What is the technical rating for FWDI stock?
ChartMill assigns a technical rating of 2 / 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 48.7673. This indicates that the stock is currently neutral.
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.