FORWARD AIR CORP (FWRD) Stock Technical Analysis
USA - NASDAQ:FWRD - US34986A1043 - Common Stock
20.14 USD
-0.68 (-3.27%)
20.14 USD
0 (0%)
Taking everything into account, FWRD scores 0 out of 10 in our technical rating. FWRD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, FWRD is a bad performer in the overall market: 95% of all stocks are doing better.
FWRD is one of the lesser performing stocks in the Air Freight & Logistics industry. 72% of 23 stocks in the same industry do better.
In the last month FWRD has a been trading in the 19.88 - 28.27 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.
FWRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FWRD is lagging the market.
The technical rating of FWRD 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
13.47
32.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.99 to 20.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.61 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @29.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 31.11 to 31.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.27 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 | DOWN | NEGATIVE | The long term trend for FWRD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FWRD is down. |
| ChartMill Relative Strength | 5.59 | NEGATIVE | FWRD has a low relative strength, it was outperformed by 94.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FWRD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FWRD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FWRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.81 | OVERSOLD | The low RSI value suggests FWRD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests FWRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.19 | OVERSOLD | The low Stochastics value suggests FWRD may be oversold. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for FWRD suggests high volalility. |
| Average Directional Index/ADX (14) | 32.96 | POSITIVE | The high ADX value value for FWRD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.14
-0.68 (-3.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-3.27%
1 Week-10.85%
2 Weeks-14.04%
1 Month-22.51%
3 Month-24.88%
6 Month28.85%
12 Month-49.22%
2 Year-68.73%
3 Year-80.98%
5 Year-68.02%
10 Year-55.6%
15 Year-25.07%
Volatility
ATR(14)1.31
ATR(20)%6.78%
ATR Inc-12.85%
Range Today0.92
ADR(20)1.36
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.59
Mansfield-3.06
10 Day High25.53
10 Day Low19.88
20 Day High28.28
20 Day Low19.88
52 Week High40.92
52 Week Low9.78
CS1 End20.13
CR1 Start29.84
Volume & EV
DER(3)-2.73%
DER(5)-3.3%
Volume1.10M
Volume Incr23.76%
Vol(5)1.00M
Vol(50)709.46K